Identify each of the following as (a) A current asset or (b) Property, plant, and equipment 1 Accounts receivable 2 Building 3 Cash 4 Equipment 5 Prepaid rent 6 Supplies ...

Identify each of the following as (a) A current asset or (b) Property, plant, and equipment: 1.

Question:

Identify each of the following as
(a) A current asset or
(b) Property, plant, and equipment:
1.
2. Building
3. Cash
4. Equipment
5. Prepaid rent
6. Supplies

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...