All of the Following Are Examples of Current Assets EXCEPT

question 147

Multiple Choice

All of the following are examples of current assets EXCEPT

• A) cash.
• B) accruals.
• C) inventory.
• D) accounts receivable.

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Definitions:

Statutorily

Relating to or enacted by a statute, meaning it is defined or required by law.

Ratification

The act of formally approving an agreement or treaty, making it officially valid.

Implied

Refers to something suggested or understood without being explicitly stated or demonstrated.

Minor's Conduct

Legal actions and behaviors that are subject to different laws and standards due to the individual's age being below the age of majority.