Question
Which are current assets? Select two correct answers
Cash
Inventories
Property
Wages payable
Income tax
Cash
Inventories
Property
Wages payable
Income tax
Answers
GPT-4o mini
The two correct answers for current assets from the options provided are:
1. Cash
2. Inventories
Current assets are assets that are expected to be converted into cash or used up within one year or within the operating cycle of the business. Cash and inventories fit this definition.
1. Cash
2. Inventories
Current assets are assets that are expected to be converted into cash or used up within one year or within the operating cycle of the business. Cash and inventories fit this definition.