Question

On the balance sheet, total assets minus net fixed assets equals:________.

a. current assets
b. current liabilities
c. gross fixed assets
d. total assets

Answer 1

Current assets

Step-by-step explanation:

the Answer is subtracting from total assets so it can’t be d. It also doesn’t include liabilities as your answer is something in the asset category. You are already subtracting fixed assets so it can’t be c. The answer is a. Current assets