Which of the following is a current asset? \( \begin{array}{l}\text { O common stock } \\ \text { O accounts payable payable }\end{array} \)

Neither **common stock** nor **accounts payable** is classified as a current asset. Here's a brief overview of each: 1. **Common Stock**: - **Type**: Equity - **Description**: Represents ownership in a company. It is part of the shareholders' equity on the balance sheet. - **Classification**: Not an asset; it's an equity account. 2. **Accounts Payable**: - **Type**: Liability - **Description**: Represents money a company owes to suppliers or creditors for goods and services received. - **Classification**: Current Liability, not an asset. **Current Assets** typically include: - **Cash and Cash Equivalents**: Liquid assets like cash, bank accounts. - **Accounts Receivable**: Money owed to the company by customers. - **Inventory**: Goods available for sale. - **Prepaid Expenses**: Payments made in advance for services to be received. **Example of a Current Asset**: - **Accounts Receivable** If "accounts receivable" were among your options, it would be the correct choice as a current asset. If you have additional options or need clarification on other accounts, feel free to ask!