Question

Which of the following would NOT be classified as a current asset on a classified balance sheet? 答案选项组 Intangible assets Short-term investments Investment securities (trading) Prepaid expenses

Answer 1

Answer:

Intangible assets

Explanation:

A classified balance sheet is a financial statement that classifies the components in the balance sheet into different groups. For example, assets are classified into current or non current asset

Current assets are all the assets that are either used by a company or sold in the course of the year of the company.

Current assets include

• cash, cash equivalents
• accounts receivable
• stock inventory
• marketable securities
• pre-paid liabilities

Intangible assets are classified as  noncurrent (long-term) assets