Which of the following items are classified as assets on a typical balance sheet? a. Depreciation. b.

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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.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Financial Statement Analysis

ISBN: 978-0078110962

11th edition

Authors: K. R. Subramanyam, John Wild

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