Current assets include
A)inventory and cash.
B)cash and buildings.
C)inventory and machinery.
D)equipment and cash.
E)buildings and inventory.

Question

Quizplus · Accepted Answer

Current assets are assets that are expected to be converted into cash or used within one year. Inventory represents the amount of goods a company has on hand for sale or production, and cash is the most liquid asset a company can hold. Therefore, inventory and cash are the best choices for current assets out of the options given.

Current Assets Include