Which of the following items are classified as assets on
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. Deferred charges.
j. Work-in-process inventory.
k. Depreciation expense.
l. Bad debts expense.
m. Loan to officers.
n. Loan from officers.
o. Fully trained sales force.
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-commerce system.

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