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What Are Current Assets? - Definition, Examples & Calculation

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is a type of financial statement?

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1. What is a Current Asset?

2. Which of the following is classified as a current asset?

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About This Quiz & Worksheet

In this quiz and worksheet combo, you will be able to gain practice understanding the concept of current assets and calculating them. Additional concepts you will be quizzed on include types of financial statements and which asset is always classified as current.

Quiz & Worksheet Goals

These assessments will test you on:

  • What a current asset is
  • The financial statement that gives you insight into an organization's financial status
  • Which asset is always a current asset

Skills Practiced

In addition to testing you on important concepts in the lesson, these assessments will allow you to practice:

  • Reading comprehension -ensure that you draw the most important information from the related lesson on current assets
  • Defining key concepts - ensure that you can accurately define main phrases, such as financial statement and current asset
  • Information recall - access the knowledge you've gained regarding which assets are always current assets

Additional Learning

To learn more about calculating current assets, review the lesson on What Are Current Assets? - Definition, Examples & Calculation.

This lesson covers the following objectives:

  • Identify where current assets are best depicted
  • Know what qualifies as a current asset
  • Distinguish between different types of current assets
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