Which of the Following Is an Example of a Current

question 11

Multiple Choice

Which of the following is an example of a current asset?

• A)Inventory
• B)Retained earnings
• C)Accounts payable
• D)Plant and equipment
• E)Common stock

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Definitions:

Average Ages

The mean value of the ages of a group of individuals or objects.

Employees

Individuals who work part-time or full-time under a contract of employment, whether oral or written, express or implied, and have recognized rights and duties.

Monthly Sales

The total revenue or units sold by a business in one calendar month.

Bonus Plan

An incentive scheme that rewards employees with extra payments in addition to their regular salary based on performance.