Which of the Following Would Not Be a Current Asset

question 64

Multiple Choice

Which of the following would not be a current asset?

• A)Certificates of deposit that mature in six months
• B)Customer receivables
• C)Cash
• D)Supplier bills payable in thirty days

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Definitions:

Compounded Annually

Interest calculation method where interest is added to the principal at the end of the year, affecting the total interest earned or paid.

RRSP

Registered Retirement Savings Plan, a Canadian account for holding savings and investment assets, with certain tax benefits.

Compounded Semi-annually

The technique of twice yearly adding interest to the initial sum of money and to the interest that has previously been compounded.

End-of-quarter Payments

Payments made at the end of each quarter in a financial year, often related to dividends, loans, or leases.