Which of the following is not a current asset?
A)Marketable securities
B)Material inventory
C)Unearned rent income
D)Prepaid interest
E)Accrued insurance

Question

Quizplus · Accepted Answer

Unearned rent income is a liability, not a current asset. It represents rent payments received in advance, which the company has not yet earned. The other options listed are all examples of current assets. Marketable securities are investments that can easily be bought or sold, material inventory refers to goods that are ready for sale or use, prepaid interest represents interest paid in advance on a loan or debt, and accrued insurance represents insurance expenses that have been incurred but not yet paid for.

Which of the Following Is Not a Current Asset