Which is an example of an item that would be listed in the Current assets; Operating equipment

Question:

Which is an example of an item that would be listed in the “Current assets; Operating equipment” portion of a restaurant’s balance sheet prepared using the USAR format?

a. Glassware used in the bar area of the restaurant

b. Refrigerators used to store beer in the bar area of the restaurant

c. Freezers used to store ice cream used in the bar but held in the restaurant’s kitchen area

d. A $1,000 unpaid bill for repairs made to the bar’s beer dispensing system.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...