Asked by
Flavia Ribas Schneider Machado
on Nov 08, 2024
Verified
Which of the following is NOT typically characterized as a current asset?
A) Inventory.
B) Cash on hand.
C) Patents.
D) Accounts receivable.
E) Marketable securities.
Current Asset
An asset on the company's balance sheet that is expected to be sold, consumed, or converted into cash within one year or during the normal operating cycle of the business.
Patents
Legal rights granted to inventors that prevent others from making, using, or selling an invention for a certain period of time.
Marketable Securities
Financial instruments that can be easily converted into cash because they have high liquidity and short maturities.
- Distinguish and organize current assets and liabilities.
Verified Answer
BH
Learning Objectives
- Distinguish and organize current assets and liabilities.