Which of the Following Would Not Be Classified as a Current

question 30

Multiple Choice

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

• A)Inventory
• B)Accounts payable
• C)Accounts receivable
• D)Prepaid expenses

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Definitions:

Utility Poles

Tall poles used to support overhead power lines and various other public utilities, such as telecommunications cables.

Flooding Damage

The destruction and harm caused by an excess of water overflowing onto land that is normally dry.

Uprooted Trees

Trees that have been forcefully removed from the soil entirely, often due to natural disasters like storms or human activities.

Bizarre Events

Bizarre events are unusual, odd, or unexpected occurrences that often defy straightforward explanation.