All of the Following Accounts Are Considered to Be Current

question 17

Multiple Choice

All of the following accounts are considered to be current assets on the balance sheet except:

• A) cash
• B) accruals
• C) accounts receivable
• D) inventory

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Definitions:

Availability

The extent to which a product, service, or resource is accessible and usable upon demand.

Tertiary Sector

represents the part of the economy concerned with services, as opposed to the extraction of raw materials or manufacturing.

Economy

The organized system of human activity involved in the production, consumption, and distribution of goods and services within a certain area or country.

Dishwasher

A machine used for automatically washing dishes and utensils.