Which of the following is not a current asset?
A)Accounts payable
B)Marketable securities
C)Accounts receivable
D)Inventory

Question

Quizplus · Accepted Answer

Accounts payable is a liability, not a current asset, as it represents money owed by the company to its suppliers or other vendors. Marketable securities, accounts receivable, and inventory are all considered current assets, as they are assets that can be easily converted into cash or used up within a year or less.

Which of the Following Is Not a Current Asset