Current assets include:

Name: Current assets include:
Brand: Quizplus
Rating: 4.7 (50 reviews)

Question

Quizplus · Accepted Answer

Current assets are assets that are expected to be converted to cash within one year or one operating cycle. Cash, receivables, and inventory are all examples of assets that are expected to be used up or sold within one year or one operating cycle. Payables and retained earnings are liabilities and equity, respectively, and are not considered current assets. Equipment is a long-term asset and is not considered a current asset.

Current Assets Include