Question

A current asset is different from a fixed asset in that it is:
Responses

your heat bill for business
your heat bill for business - no response given

Cash, Inventory, accounts receivable
Cash, Inventory, accounts receivable - no response given

property and equipment
property and equipment - no response given

monthly gross income

Answer 1

Cash, inventory, accounts receivable

Explanation: Current assets are short-term resources expected to be converted to cash within a year (e.g., cash, inventory, accounts receivable). Fixed assets (property and equipment) are long-term.