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Catch the current assets

Exercise and reference answers

Items
  1. Matches the category
    Yes
    Item
    Cash
  2. Matches the category
    Yes
    Item
    Inventory
  3. Matches the category
    Yes
    Item
    Receivables
  4. Matches the category
    Yes
    Item
    Prepaid rent
  5. Matches the category
    No
    Item
    Land
  6. Matches the category
    No
    Item
    Buildings
  7. Matches the category
    No
    Item
    Vehicles
  8. Matches the category
    No
    Item
    Equipment
Category
Assets
Instructions
Catch the assets that turn to cash within a year.

Explanation

_Source: OpenStax Principles of Financial Accounting, Chapter 2, Introduction to Financial Statements._
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