Which Set of Items Below Are Current Assets

question 111

Multiple Choice

Which set of items below are current assets?

• A)Accounts Receivable, Net Income, Inventory, and Dividends
• B)Cash, Accounts Receivable, Capital Stock, and Sales
• C)Net Income, Cash, Office Supplies, and Inventory
• D)Cash, Accounts Receivable, Inventory, and Office Supplies

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Definitions:

Scope

The extent or range of view, work, or activity; the breadth of a project or operation.

Promoter

In a business context, a promoter is an individual or entity involved in organizing and starting a company, raising capital, and taking the necessary steps to establish it.

Unincorporated Business

A business structure without a separate legal entity from its owner, where the owner is personally responsible for the business's debts and obligations.

Specialized Equipment

Tools or machinery designed for a specific, often technical or industrial, purpose, necessitating particular skills for operation.