Which are examples of current assets to a retailer?
A) cash, inventory on hand, and accounts receivable
B) buildings, fixtures, and land
C) accounts receivable, sales tax receipts before required payments, and fixtures
D) inventory on order, fixtures, and replacement parts in inventory

Question

Quizplus · Accepted Answer

Retailers typically hold cash, inventory on hand, and accounts receivable as current assets to support their ongoing operations. Buildings, land, fixtures, sales tax receipts before required payments, inventory on order, fixtures, and replacement parts in inventory are not part of current assets.

Which Are Examples of Current Assets to a Retailer