Which of the following is NOT included in current assets?
Cash and cash equivalents
Accounts receivable
Long-term investments
Inventory
Answer and explanation
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.
