which of the following would not be classified as a current asset? course hero

Which of the following is not classified as current asset?

D) Property is not classified as a current asset. To be a current asset, the asset needs to be likely used up in the next period and property is usually held for multiple accounting periods. Cash, inventory, and liquid assets are all likely to be used in the next period and are classified as current assets.

Which of the following are considered as current assets?

Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets.

What are 10 current assets?

Current Assets ListCash.Cash Equivalents.Stock or Inventory.Accounts Receivable.Marketable Securities.Prepaid Expenses.Other Liquid Assets.

What is a non-current asset in accounting?

Key Takeaways. Noncurrent assets are a company's long-term investments that are not easily converted to cash or are not expected to become cash within an accounting year. Also known as long-term assets, their costs are allocated over the number of years the asset is used and appear on a company's balance sheet.

Which current asset is the hardest to convert to cash?

a. Inventory is typically the hardest current asset to convert to cash

Is a c. it readily converted into cash?

c. it is readily converted into cash.