Question
Which are current assets?(1 point) Responses cash cash property property wages payable wages payable income tax
Answers
GPT-4o mini
Current assets are assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of a business. From the options you provided, the current asset is:
- **Cash**
The other options you mentioned (property, wages payable, and income tax) do not qualify as current assets. Property is a long-term asset, and wages payable and income tax are liabilities.
- **Cash**
The other options you mentioned (property, wages payable, and income tax) do not qualify as current assets. Property is a long-term asset, and wages payable and income tax are liabilities.