Business FinancesQuestion 320 of 1632
On a balance sheet, which of the following is classified as a CURRENT asset?
a.Accounts receivable due within 60 days
b.A construction crane owned by the company
c.The company's office building
d.A 5-year equipment loan
Explanation
Current assets are expected to convert to cash within one year — for example, cash, accounts receivable, and inventory. A crane and a building are long-term assets; a 5-year loan is a long-term liability.
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Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)