Which of the following are Noncurrent assets?

Question

Quizplus · Accepted Answer

Machinery and equipment is a noncurrent asset as it is a long-term asset that is not easily converted into cash within a year.

Answer: D 
 Unearned revenues are also noncurrent assets as they represent the cash received by a company for goods or services not yet delivered, and will be recognized as revenue in the future beyond a year.

B) Accounts receivable and C) Inventories are current assets as they are expected to be converted to cash or sold within a year.

Which of the Following Are Noncurrent Assets