What is nonoperating current assets?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter12: Nonrecognition Transactions
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What is nonoperating current assets?

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Step 1

Non-operating current asset:

It could be a type of current resources or assets that are not basic to an enterprise's progressing operations but may still produce pay or return on investment (ROI).

Step 2

These current resources are listed alongside their working resources or assets on a firm's balance sheet, and may or may not be broken out independently.

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