When Looking at the Current Assets Section of a Company's

Multiple Choice

When looking at the current assets section of a company's balance sheet:

A) cash equivalents are considered short-term investments.
B) short-term investments include stocks and bonds of other companies that the company intends to sell within the next year.
C) merchandise inventory is considered a prepaid expense.
D) accounts payable are amounts the company expects to collect from customers within the next year.