Which of the following represents a current asset?
A) automobiles
B) buildings
C) marketable securities
D) equipment

Name: Which of the following represents a current asset? A) automobiles B) buildings C) marketable securities D) equipment
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Question

Quizplus · Accepted Answer

Marketable securities are investments that can easily be converted into cash and are therefore considered a current asset. Option A, B and D are fixed assets, which are not usually converted into cash quickly, and hence, they are not a current asset.

Which of the Following Represents a Current Asset