Question
Which of the following items are classified as assets on a typical balance sheet? a.Depreciation. b.CEO salary. c.Cash. d.Deferred income taxes. e.Installment receivable (collectible in
Which of the following items are classified as assets on a typical balance sheet?
a.Depreciation. b.CEO salary. c.Cash. d.Deferred income taxes. e.Installment receivable (collectible in three years). f.Capital withdrawal (dividend). g.Inventories. h.Prepaid expenses. i.Deferredcharges. j.Work-in-process inventory. k.Depreciation expense. l.Bad debts expense. m.Loan to officers. n.Loan from officers. o.Fully trained salesforce. p.Common stock of a subsidiary. q.Trade name purchased. r.Internally developed goodwill. s.Franchise agreements obtained at no cost. t.Internally developed e-commerces ystem.
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