Which of the following is a current asset included in a statement of financial position?

Trade receivables are classified as current assets within a statement of financial position because they represent amounts owed to a business by its customers for goods or services that have been delivered but not yet paid for. Since these amounts are typically expected to be received within a short period, usually within one year, they fulfill the criteria for current assets, which are assets expected to be liquidated or utilized in the near term.

In contrast, property and fixed assets are considered non-current or long-term assets because they are not intended to be converted into cash within the year and are held for longer-term use in the operations of the business. Long-term investments also fall under non-current assets, as they are typically held for investment purposes for a longer duration and are not expected to be swiftly converted into cash. Thus, trade receivables are the asset type that aligns with the definition of a current asset in the statement of financial position.