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 those assets which can be easily converted into cash within one year or the operating cycle of the business. Inventory and cash are the two most common types of current assets. The other options mentioned (buildings, machinery, and equipment) are long-term assets and not considered current assets.

Current Assets Include