Which of the following is a noncurrent asset?
A)Land
B)Accounts receivable
C)Cash
D)None of these are correct

Name: Which of the following is a noncurrent asset? A)Land B)Accounts receivable C)Cash D)None of these are correct
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Question

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Land is a noncurrent asset as it is a long-term investment and is not expected to be converted into cash within the next year. Accounts receivable and cash are both current assets, as they are expected to be converted into cash within the next year.

Which of the Following Is a Noncurrent Asset