Which of the Following Is Not a Current Asset

question 21

Multiple Choice

Which of the following is not a current asset?

• A)Accounts receivable
• B)Inventories
• C)Cash
• D)Accounts payable

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Definitions:

Equilibrium Quantity

The amount of goods or services supplied that is exactly equal to the amount of goods or services demanded at a particular price level.

Demand

The total amount of a product or service that consumers are willing and able to purchase at various price levels at a given time.

Price Range

The spread between the highest and lowest prices of goods or services in the market.

Demand

It is the quantity of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.