Question

Which of the following items is NOT normally considered to be a current asset? a. Inventory

b. Short-term, highly-liquid, marketable securities
c. Cash
d. Accounts receivable
e. Bonds

Answer 1

Bonds are not normally considered a current asset.

Step-by-step explanation:

The item that is NOT normally considered to be a current asset is e. Bonds.

A current asset is an item that is expected to be converted into cash or used up within one year.

Inventory, short-term highly-liquid marketable securities, cash, and accounts receivable are all examples of current assets because they are expected to be turned into cash or used up within a year.