Answered: Which of the following is NOT…

Which of the following is NOT classified as a non-current asset? a) Land b) Buildings c) Inventory d) Equipment Answer: c) Inventory

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process

Section: Chapter Questions

Problem 17CYBK

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Question

Not classified as non current assets?

Which of the following is NOT classified as a non-current
asset?
a) Land
b) Buildings
c) Inventory
d) Equipment
Answer: c) Inventory

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