Which of the Following Include Only Current Assets

question 187

Multiple Choice

Which of the following include only current assets?

• A) Accounts receivable, cash, inventory, office supplies
• B) Cash, accounts payable, inventory, office supplies
• C) Cash, land, accounts receivable, inventory
• D) Accounts receivable, cash, furniture, office supplies

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Definitions:

World Supply

World supply refers to the total quantity of a good or service that is available for purchase on the global market.

OPEC Countries

Nations that are members of the Organization of the Petroleum Exporting Countries, known for their significant role in global oil production and prices.

Technological Advance

The progress in scientific research and development leading to new inventions or improvements in technology that can increase productivity and economic growth.

Demand

The willingness and ability of consumers to purchase goods and services at various prices during a certain period.