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Alejandra Lopez
on Nov 06, 2024

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Cash,investments,accounts receivable,and inventory are:

A) retained earnings.
B) current liabilities.
C) long-term assets.
D) long-term liabilities.
E) current assets.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.

Accounts Receivable

Money owed a company by its clients or customers who have promised to pay for the products at a later date.

  • Distinguish between current and long-term assets and liabilities.
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aruna perchaniNov 12, 2024
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