GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Stock is
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Tangible
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Intangible
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Part of current assets
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Included in the category of fixed assets
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Explanation:
Detailed explanation-1: -Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets. The Current Assets account is important because it demonstrates a company’s short-term liquidity and ability to pay its short-term obligations.
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