Which of the Following Is Not Classified as a Current

question 90

Multiple Choice

Which of the following is not classified as a current asset?

• A) Equipment with an estimated useful life of five years.
• B) Short-term (trading) investments.
• C) Supplies.
• D) Cash.

---

Definitions:

Capacity

The maximum amount or number of something that a system or process can contain or produce.

Phonological Code

The representation of spoken sounds in an individual’s mind that is used in the processing and storage of verbal information.

Visual Code

The system of symbols or representations used in visual communication, such as gestures, images, or signs, to convey messages or meaning.

Iconic Code

A system of symbols or representations that stands in for objects or ideas in a way that is directly perceptible to the senses, especially sight.