Which of the Following Is Not a Current Asset

question 52

Multiple Choice

Which of the following is not a current asset?

• A)Marketable securities
• B)Material inventory
• C)Unearned rent income
• D)Prepaid interest
• E)Accrued insurance

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Definitions:

Advertising Budget

The amount of money allocated towards promoting a product, service, or brand during a set period.

Sales Increase

A rise in the quantity or amount of products or services sold over a specific period.

Opportunity Loss

The loss of potential gain when one alternative is chosen over another.

Gross Profits

The difference between revenue and the cost of goods sold before deducting overhead, payroll, taxes, and interest payments.