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The following are classified in the balance sheet as a current assets, except;a.Cashb.Buildingc.Accounts Receivabled.Cash equivalents

Question

The following are classified in the balance sheet as a current assets, except;a.Cashb.Buildingc.Accounts Receivabled.Cash equivalents

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Solution

The answer is b. Building.

Here's why:

a. Cash: This is a current asset because it can be used immediately to pay off debts

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