1. Which of the following is a correct statement?   a. Inventory is not part of the current assets because they are...

1. Which of the following is a correct statement?

a. Inventory is not part of the current assets because they are physical in nature.

b. Plant, equipment, building and land are non-current assets, but not fixed assets.

c. Marketable securities such as stocks & bonds are current assets.

d. Cash is the only liquid asset.

e. Physical assets are finance by equity only.

1. Which of the following is a correct statement?

a. Inventory is not part of the current assets because they are physical in nature.

b. Plant, equipment, building and land are non-current assets, but not fixed assets.

c. Marketable securities such as stocks & bonds are current assets.

d. Cash is the only liquid asset.

e. Physical assets are finance by equity only.