Current assets would usually not include
A) plant and equipment.
B) marketable securities.
C) accounts receivable.
D) inventories.

Question

Quizplus · Accepted Answer

Current assets are assets that can be converted to cash within one year or the operating cycle of a business. Plant and equipment are non-current assets that have a useful life beyond one year and are used in production or operations. Therefore, plant and equipment would not be included in current assets.

Current Assets Would Usually Not Include