Which of the Following Are Included in Current Assets

question 18

Multiple Choice

Which of the following are included in current assets?
I.equipment
II.inventory
III.accounts payable
IV.cash

• A)II and IV only
• B)I and III only
• C)I, II, and IV only
• D)III and IV only
• E)II, III, and IV only

---

Definitions:

Ending Inventory

The cumulative worth of all the goods a company holds at the close of a financial period.

Current Period

Refers to the present financial period under consideration or review, often in the context of accounting or reporting.

Budgeted Production

The anticipated volume of goods a company plans to produce in a certain period, based on demand forecasts and capacity planning.

Units

A measure of quantity or amount used to represent the volume of production, sales, or inventory.