Which of the following wouldnotbe considered a current asset?A) Inventory.B) Prepaid expenses.C) Land used in daily operations.D) Accounts receivable.

Question

Sanket Sapkota · Accepted Answer

Final Answer : C, Explanation :  Land used in daily operations is a fixed asset and not a current asset. Current assets are expected to be converted to cash or consumed within one year or less, while fixed assets are expected to be held for a longer period of time to generate revenue for the business.

Which of the following would not be considered a current asset?

A) Inventory.
B) Prepaid expenses.
C) Land used in daily operations.
D) Accounts receivable.

Definitions

Learning Objectives

Learning Objectives

Related questions

Which of the following would not be considered a current asset?A) Inventory.B) Prepaid expenses.C) Land used in daily operations.D) Accounts receivable.

Definitions

Learning Objectives

Learning Objectives

Related questions

Which of the following would not be considered a current asset?

A) Inventory.
B) Prepaid expenses.
C) Land used in daily operations.
D) Accounts receivable.