Accounting · Balance Sheet Classification
Which of the following assets would be classified as a non-current asset?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Assets that are primarily held for trading within the next 6 months
- 2Receivables expected to be collected within 12 months
- 3Inventory expected to be sold in the normal operating cycle
- 4Cash or cash equivalents that are restricted from being used for at least 12 months✓
Correct answer
Cash or cash equivalents that are restricted from being used for at least 12 months
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