Question 28
Business FinanceA group of assets which a business acquires with the intention of reselling them are referred to as
- A.current assets
- B.investment assets
- C.fixed assets
- D.intangible assets
Show the answer and explanation
Answer: A (current assets)
Explanation
Assets bought to be sold again, like stock, turn over within a short time, so they are current assets. Fixed assets are kept for use.