ObjectiveMcq
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Which of the following is NOT included in current assets?
Correct Answer: C — Long-term investments
The correct answer is C: Long-term investments.
Current assets are assets that can be converted to cash within one year or one operating cycle. They include cash and cash equivalents, accounts receivable, inventory, and short-term investments. Long-term investments are non-current assets as they are held for more than one year.