Which of the following are included in current assets?

A) Prepaid rent

B) Taxes payable

C) Automobiles

As inventory and property plant and equipment on the balance sheet are consumed, they are reflected:

A) As a revenue on the income statement

B) As an expense on the income statement

C) As a use of cash on the statement of cash flows

D) On the balance sheet because assets are never consumed

E) Both B and C because the financial statements articulate

D) Common stock

E) None of the above

Which one of the following is not a current liability?

A) Taxes payable

B) Accounts payable

C) Wages payable

D) Wage expense

E) None of the above