Which of the Following Is a Current Asset

question 46

Multiple Choice

Which of the following is a current asset?

• A) Cash surrender value of a life insurance policy of which the company is the beneficiary.
• B) Investment in equity securities for the purpose of controlling the issuing company.
• C) Cash designated for the purchase of tangible fixed assets.
• D) Trade installment receivables normally collectible in 18 months.

---

Definitions:

Concentricity

The characteristic of two or more forms sharing a common center, axis, or curve, often critical for mechanical parts that rotate.

Overall Flatness

Overall flatness refers to the degree to which a surface conforms to a perfectly flat plane, often specified in manufacturing to ensure parts meet strict flatness criteria.

Symbol

A sign, shape, or object that is used to represent an idea, object, or relationship.

Flatness

The degree to which a surface adheres to a perfectly flat plane, with minimal deviation.