Which Item Is a Current Asset

question 88

Multiple Choice

Which item is a current asset?

• A)Cash - regardless of whether it has a positive or negative balance.
• B)Cash equivalents.
• C)Cash that will be used to close a plant in eighteen months.
• D)Restricted cash that will not be used within the upcoming year.

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Definitions:

Eighth-Grade Education

A level of education typically received by students around the age of 13 to 14 years old in the United States, considered basic education.

Fixed Incomes

A type of income that does not vary over time, typically associated with retirees or investments that pay a regular, unchanging amount.

Single Woman

An adult female who is not married or in a romantic relationship.

Baby and Child Care

Baby and Child Care generally refers to the practices and routines involving the careful and healthful nurturing and supervision of infants and young children, but is also notably the title of Dr. Benjamin Spock's groundbreaking book published in 1946, which revolutionized child-rearing practices.