Which of the following is classified as a current asset on the balance sheet?

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Multiple choice — select the best answer

AEquipment
BLong-term investments
CPatents
DAccounts receivable

✓ Correct answer: D. Accounts receivable Accounts receivable represents amounts owed to the company by customers and is expected to be collected within one year, making it a current asset.

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Which of the following is classified as a current asset on the balance sheet?

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