Asked by Kendall Messerole on Jul 14, 2024

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Major current assets include all of the following EXCEPT

A) accounts receivable.
B) stockholders' equity.
C) marketable securities.
D) cash.

Stockholders' Equity

The residual assets of a company belonging to its shareholders after all liabilities have been deducted.

Current Assets

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

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

  • Understand the composition of major current assets and liabilities.
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DM
Daniel MartinJul 17, 2024
Final Answer :
B
Explanation :
Stockholders' equity is not a current asset; it represents the owners' equity in a corporation and is found on the balance sheet under shareholders' equity, not among current assets. Current assets typically include cash, marketable securities, accounts receivable, and inventory.