Which of the Following Items Would Not Be Listed as a Current

question 74

Multiple Choice

Which of the following items would not be listed as a current asset in a company's financial reports?

• A)Cash
• B)Accounts receivable
• C)Fixtures
• D)Inventory

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Definitions:

Simple Interest

Interest calculated only on the principal amount of a loan or investment, rather than on previously earned interest.

Monthly Basis

pertaining to or calculated over the period of one month.

Amortized Loan

A loan with scheduled periodic payments that consist of both principal and interest, designed to pay off the debt by the end of the term.

Effective Rate

The actual interest rate earned or paid on an investment, loan, or other financial product, accounting for the effect of compounding.