Asked by neeranjali kallydeen on May 28, 2024

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Which of the following are included in current assets?

A) Inventory
B) Equipment
C) Depreciation
D) Accounts payable
E) Shareholders' equity

Current Assets

Short-term assets that are expected to be converted into cash within one year.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the net worth attributable to shareholders.

Inventory

The goods and materials that a business holds for the ultimate goal of resale or processing.

  • Recognize components of current assets and their liquidity.
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JK
janaki kadamMay 31, 2024
Final Answer :
A
Explanation :
Inventory is considered a current asset because it is expected to be converted into cash or used up within one year or within the operating cycle of a business, whichever is longer.