What Is a "Current Asset

question 110

Multiple Choice

What is a "current asset"?

• A)An asset expected to be consumed in the ordinary operating cycle of the business.
• B)An asset not expected to be consumed in the ordinary operating cycle of the business.
• C)An asset expected to be used for investment purposes.
• D)An asset, such as cash, that is restricted from being used for at least 12 months.

---

Definitions:

Stuart And Revett

British architects known for their detailed studies and drawings of ancient Greek architecture, contributing significantly to the Neoclassical movement.

Ancient Architecture

Architectural practices and structures from historical civilizations before the Middle Ages, often characterized by innovative forms and techniques.

Greece

A country in southeastern Europe known for its rich history, contribution to Western civilization, and numerous islands.

Greenough

Refers to Horatio Greenough, an American neoclassical sculptor famous for his sculptures and writings in the early 19th century.