Question

 Which of the following accounts for least likely a current asset?

A Trade receivables Correct Answer Incorrect Answer
B Prepaid expenses Correct Answer Incorrect Answer
C Strategic investments Correct Answer Incorrect Answer
D Inventory Correct Answer Incorrect Answer
E All are current assets Correct Answer Incorrect Answer

Solution

Strategic investments are considered long-term investments, they take time to generate cash, not in the short term like current assets.

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