Major current assets include all of the following EXCEPT ______.
A) cash
B) marketable securities
C) stockholders' equity
D) accounts receivable

Question

Quizplus · Accepted Answer

Stockholders' equity is not a current asset. Current assets are assets that are expected to be converted to cash or used up within one year or one operating cycle. Cash, marketable securities, and accounts receivable are all examples of current assets.

Major Current Assets Include All of the Following EXCEPT ______