Which Are Examples of Current Assets to a Retailer

question 27

Multiple Choice

Which are examples of current assets to a retailer?

• A) cash, inventory on hand, and accounts receivable
• B) buildings, fixtures, and land
• C) accounts receivable, sales tax receipts before required payments, and fixtures
• D) inventory on order, fixtures, and replacement parts in inventory

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Definitions:

Spending Power

The authority of a government to allocate its resources by making expenditures to achieve economic or social objectives.

Takings Clause

An element of the U.S. Constitution's Fifth Amendment that prevents the government from seizing private property for communal purposes without fair compensation.

Police Power

The capacity of a state to regulate behaviors and enforce order within its territory for the betterment of the health, safety, morals, and general welfare of their inhabitants.

Public Health

The science and art of preventing disease, prolonging life, and promoting health through organized efforts and informed choices of society, organizations, public and private communities, and individuals.