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Which is a current asset

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Reference no: EM132756602

Problem 1: Which of the following is a current asset?

a. Cash surrender value of a life insurance policy of which the company is the bene-ficiary.

b. Investment in equity securities for the purpose of controlling the issuing company.

c. Cash designated for the purchase of tangible fixed assets.

d. Trade installment receivables normally collectible in 18 months.

Reference no: EM132756602

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