Which One of the Following Is a Current Asset

question 48

Multiple Choice

Which one of the following is a current asset?

• A) Accounts payable
• B) Trademark
• C) Accounts receivable
• D) Notes payable
• E) Equipment

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Definitions:

Opportunity Cost

The toll taken for not picking the second highest preference when decisions are formulated.

Tax Cut

A reduction in the amount of taxes imposed by the government, which can affect individuals, corporations, or specific sectors.

State Expenditures

The total spending by state governments on various public services, infrastructure, education, and welfare programs.

Transplants

In a medical context, the act of transferring organs, tissues, or cells from one body to another for the purpose of replacing or repairing damaged parts.