Which of the Following Are Included in Current Assets

question 65

Multiple Choice

Which of the following are included in current assets?
I. equipment
II. Inventory
III. accounts payable
IV. cash

• A) II and IV only
• B) I and III only
• C) I, II, and IV only
• D) III and IV only
• E) II, III, and IV only

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Definitions:

Non-value-added Time

Time during production that does not directly contribute to the final value of the product, such as waiting times or transportation of goods.

Financial Measures

Metrics used to evaluate a company's financial performance and health.

Lag Indicators

Measures that reflect the success or failure after the fact, helping businesses understand the results of past actions or events.

Balanced Scorecard

A strategic planning and management system used by organizations to communicate what they are trying to accomplish and measure progress towards their goals.