hich of the following is a correct statement?     Inventory is not part of the current assets because they are physical in nature.     Plant, equipment, building and land are non-current assets, but not fixed assets.     Marketable securities such as stocks & bonds are current assets.     Cash is the only liquid asset.     Physical assets are financed by equity

LO1 - Describe the specific elements of the balance sheet (assets, liabilities, and owners’ equity), and prepare a balance sheet with assets and liabilities properly classified into current and noncurrent categories. A balance sheet contains the following classifications:  (a) Current assets (b) Investments (c) Property, plant, and equipment (d) Intangible assets (e) Other noncurrent assets (f) Current liabilities (g) Long-term debt (h) Other noncurrent liabilities (i) Capital stock (j) Additional paid-in capital (k) Retained earnings Indicate by letter how each of the following accounts would be classified. Place a minus sign (-) for all accounts representing offset or contra balances. Discount on Bonds Payable Stock of Subsidiary Corporation  3.12% Bonds Payable (due in six months) U.S. Treasury Bills Income Taxes Payable Sales Taxes Payable Estimated Claims under Warranties for Service and Replacements Par Value of Stock Issued and Outstanding Unearned Rent Revenue (six months…

Which of the following is an example of a non-liquid asset? O Accounts Receivable Raw Material Inventory - Cash O Common Stock

In current asset management, what is the float? How would paying by check allow a business to take advantage of the float?