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Which of the following types of business would normally have the longest operating cycle? A. A car manufacturer B. A seller of resort property C.

Which of the following types of business would normally have the longest operating cycle?

A.

A car manufacturer

B.

A seller of resort property

C.

A car dealer

D.

A record store

E.

A grocery store

  1. Which of the following would not be classified as a current asset?

    A.

    Investments

    B.

    Marketable securities

    C.

    Cash

    D.

    Inventories

    E.

    Receivables

  1. Which of the following accounts would not be classified as a current asset?

    A.

    Cash and equivalents

    B.

    Cash

    C.

    Cash and certificates of deposit

    D.

    Time deposit

    E.

    Cash restricted for retirement of bonds

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