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Which of the following is considered a current asset?

Practice Questions

1 question
Q1
Which of the following is considered a current asset?
  1. Land
  2. Accounts Receivable
  3. Equipment
  4. Long-term Investments

Questions & Step-by-step Solutions

1 item
Q
Q: Which of the following is considered a current asset?
Solution: Accounts Receivable is considered a current asset as it is expected to be converted into cash within one year.
Steps: 0

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