Current assets are sub-categorized into quick assets, inventories, and other current assets.
Quick assets are generally measured at its collectible amounts, or net realizable value. Marketable debt and equity securities are measured at cost or the lower of cost or market. Inventories are measured at historical cost or the lower of cost or market. Quick Assets Quick assets are assets that are ready to be paid for any purposes. At issue is, among others, accounting for receivables and loans, marketable securities, and derivative financial instruments.