The characteristics of a current asset would not include __________.

use as part of the firm's trading operations

No worries! We‘ve got your back. Try BYJU‘S free classes today!

not bought for resale

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

liquidity

No worries! We‘ve got your back. Try BYJU‘S free classes today!

likely to change before the next accounting period is over

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B not bought for resale
Current assets include items such as cash, accounts receivable, and inventory. Investments are classified as non current only if they are not expected to arise from the sale or purchase of business units.

Suggest Corrections

Similar questions

The characteristics of a current asset would not include:

Join BYJU'S Learning Program