Which of the Following Should NOT Be Considered Current Assets

question 74

Multiple Choice

Which of the following should NOT be considered current assets in the statement of financial position?

• A) instalment notes receivable due over eighteen months, in accordance with normal trade practice
• B) prepaid taxes, which cover assessments for the current year
• C) equity or debt securities purchased with cash available for current operations
• D) franchises and copyrights

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Definitions:

Social Media

Websites and applications that enable users to create and share content or to participate in social networking.

Crowdsourcing

The process of gathering ideas, information, or content by requesting contributions from a broad audience, usually through the internet.

Analytics

The systematic analysis of data or statistics, often using advanced methods to extract insights for decision-making or optimization.

Meaningful Patterns

Recognizable arrangements or sequences that have significance or give insight into a particular phenomenon or data set.