Hsu Company Has Eight Major Section Headings in Its Balance

question 84

Multiple Choice

Hsu Company has eight major section headings in its balance sheet, which include Current Assets, Long-Term Investments, Property, Plant, and Equipment, Intangible Assets, Current Liabilities, Long-Term Liabilities, and Shareholders' Equity. Below are some of the balance sheet accounts for Hsu:
1.
$\begin{array}{llll}\text { 1. Dividends Payable } & \text { 7. } \text { Wages Payable } \\\text { 2. } \text { Prepaid Rent } & 8 . \text { Deferred Revenues } \\\text { 3. } \text { Trademarks } & 9 . \text { Accumulated Depreciation - } \\\text { 4. } \text { Bonds Payable } & \text { Building } \\\text { 5. Investment Funds for Plant } & 10 . \text { Accounts Receivable } \\\text { Expansion } & 11 . \text { Accounts Payable } \\\text { 6. Inventories } & &\end{array}$
Which of these would be found under the heading "Current Assets"?

• A)2,10
• B)2,6,8,10
• C)2,6,10
• D)2,5,10

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