Current assets include
A)all assets that have not been fully depreciated.
B)accounts payable,accounts receivable and short-term notes.
C)cash,accounts receivable and leased equipment.
D)cash,accounts receivable and inventory.

Question

Quizplus · Accepted Answer

Current assets include cash, accounts receivable and inventory. Accounts payable, short-term notes and leased equipment are not current assets. Assets that have not been fully depreciated may or may not be current assets depending on their expected useful life.

Current Assets Include