Which of the Following Is a Current Asset

question 3

Multiple Choice

Which of the following is a current asset?

• A) treasury bill acquired with 2 months to maturity
• B) land held for investment
• C) equipment
• D) goodwill

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Definitions:

Restaurant Chain

A set of related restaurants in different locations that are either under shared corporate ownership or franchising agreements.

Domestic Investment

The total spending on capital goods within a country’s borders, which includes expenditures on new buildings, equipment, and technology.

Trade Deficit

An economic measure of a negative balance of trade where a country's imports exceed its exports.

Trade Surplus

A situation where the value of a country's exports exceeds the value of its imports, indicating a positive balance of trade.