Which of the Following Includes Only Current Assets

question 161

Multiple Choice

Which of the following includes only current assets?

• A)Accounts receivable,cash,inventory,office supplies
• B)Cash,accounts payable,inventory,office supplies
• C)Cash,land,accounts receivable,inventory
• D)Accounts receivable,cash,furniture,office supplies

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Definitions:

Expenditures

The amount of money spent on various goods and services or to cover operating costs by individuals, businesses, or other entities.

Flow of Dollars

Refers to the movement of money through an economy, tracking how it is earned, spent, and invested.

Real Income

Real income refers to income adjusted for the effects of inflation, reflecting the true purchasing power of the money earned by individuals or entities.

Factors of Production

The resources used in the production of goods and services, which typically include land, labor, capital, and entrepreneurship.