All of the Following Are Examples of Current Assets EXCEPT

question 22

Multiple Choice

All of the following are examples of current assets EXCEPT

• A) accounts receivable.
• B) cash.
• C) accruals.
• D) inventory.

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Definitions:

Trade Deficit

The economic condition that arises when a country imports more goods and services than it exports.

Unfair Trade Practices

Business activities deemed unjust, deceptive, or fraudulent that can affect fair competition in the market.

Self-Sufficiency

The ability of an individual or economy to meet all its needs without external assistance.

Balance of Trade

The variance between what a country spends on imports and earns from exports during a certain timeframe.