The Statement of Financial Position 19

19. Which of the following statements is correct?

A. Some current assets, such as inventory, are not easily turned into cash

B. Some current assets, such as trade receivables, are not easily turned into cash

C. Some long-term assets, such as land and buildings, are easily turned into cash

D. Some long-term assets, such as fixtures and fittings, are easily turned into cash

 

Answer : A