Which of the Following Accounts Would Not Be Classified as a Current

question 20

Multiple Choice

Which of the following accounts would not be classified as a current asset?

• A) cash restricted for retirement of bonds
• B) cash and equivalents
• C) cash and certificates of deposit
• D) time deposits
• E) cash

---

Definitions:

Accumulate

The act of gathering or collecting over a period of time, often resulting in an increase in quantity.

Ordinary Annuity

An annuity where the payments are made at the end of each period for a fixed length of time.

Financial Calculator

A specialized calculator used for financial matters, including calculating interests, loans, investments, amortization, and profit and loss.

Compounded Annually

Interest that is calculated and added to the principal balance once a year.