Which of the Following Should Not Be Classified as a Current

question 82

Multiple Choice

Which of the following should not be classified as a current asset?

• A) A one-year installment receivable from the sale of a truck
• B) An investment expected to be needed for operations in the next year
• C) A one-year prepaid insurance policy
• D) A fund to be used to purchase land

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Definitions:

Months

Units of time, each roughly corresponding to one cycle of the moon's phases, used to measure periods within a year.

Human Face

The front part of a person's head that includes the eyes, nose, mouth, and expressions used for identity and emotional communication.

Three Squares

An informal term referring to the traditional pattern of eating three meals a day.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.