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Select the correct answer.

Leeds Software Inc. has some funds in the form of certificates of deposits. What kind of asset is this fund categorized as?

A: intangible assets
B: current assets
C: tangible assets
D: investments

User Levine
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2 Answers

3 votes

D:investments

Hope this helps....

User Phoebe Li
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3 votes

Answer:

The current answer would be option B, Current Assets.

Step-by-step explanation:

Current assets are the assets of a company that can be converted into cash within a year period. It is basically the amount of cash that the company has either in the form of cash, or bonds or certificates of deposits. Such type of assets can be held by the company itself or the company can put these assets in the bank. So Leeds Software Inc. has some funds in the form of certificates of deposits which would be categorized as the current assets of the company.

User Andydavies
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