Which of the following is not classified as a current asset?

A. Prepaid expenses
B. Accounts receivable
C. Patents
D. Inventory

Ans: C. Patents

Business

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Al's Electric Service is an electric contracting company in Metro City. The owner of the company, Al Richards, posted a bond guaranteeing that all work performed by his company will comply with local building codes

This bond is an example of a A) fiduciary bond. B) license and permit bond. C) contract bond. D) judicial bond.

Business

Managers exert financial control on an organization using ________ analysis

A) activity B) productivity C) ratio and budget D) productivity and resource

Business