When Nick is figuring the current assets for his nail salon, he should be certain to include ________ in his calculations.
A) the cash in the drawer
B) accrued liabilities
C) fixed assets
D) notes receivable
E) retained earnings

Question

Quizplus · Accepted Answer

Current assets can normally be converted to cash within one year. For retailers, current assets are primarily cash, merchandise inventory, and other assets such as accounts receivable.

When Nick Is Figuring the Current Assets for His Nail