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:

Plumbing

The system of pipes, drains, fittings, valves, and fixtures installed for the distribution of water for drinking, heating, and washing, and the removal of waterborne wastes.

Piano

A musical instrument with keys that, when pressed, operate hammers that strike wires to produce sound.

Necessary Condition

A condition that must be present for an event or entity to occur or exist; without it, the event or entity cannot occur or exist.

Sheet Music

Written notation that represents musical compositions through symbols, including notes and rhythms, intended for performance.