Which of the Following Should Not Be Considered as a Current

question 33

Multiple Choice

Which of the following should not be considered as a current asset in the balance sheet?

• A)Installment notes receivable due over 18 months in accordance with normal trade practice.
• B)Prepaid taxes which cover assessments of the following operating cycle of the business.
• C)Equity or debt securities purchased with cash available for current operations.
• D)The cash surrender value of a life insurance policy carried by a corporation, the beneficiary, on its president.