Which of the Following Should NOT Be Considered Current Assets

question 160

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:

Short-haired

Describes an individual or animal with relatively short length of hair, often requiring minimal grooming.

Long-haired

Describes individuals or animals with considerably lengthy hair or fur.

Agile Feline

A cat characterized by quickness, lightness, and ease of movement, often used to describe their ability to navigate their environment skillfully.

Chubby Cat

A cat that is noticeably overweight or larger than average, often due to excessive feeding or lack of exercise.