Which of the Following Does Not Appear on the Asset

question 93

Multiple Choice

Which of the following does not appear on the asset side of a bank's balance sheet?

• A) required reserves
• B) checkable deposits
• C) loans
• D) excess reserves

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Definitions:

COGS

Cost of Goods Sold; the direct costs attributable to the production of the goods sold by a company, including materials and labor.

Payables Turnover Rate

A financial ratio indicating how efficiently a company pays its suppliers, calculated by dividing total purchases by average accounts payable.

Accounts Payable Balance

The total amount of money that a company owes to its suppliers or creditors for items or services purchased on credit.

Sales

Revenue generated from goods or services sold by a company in a specific period.