Which of the Following Would Not Be Listed as an Asset

question 41

Multiple Choice

Which of the following would not be listed as an asset on the balance sheet of a hardware store?

• A) Nuts and bolts
• B) A set of metric wrenches
• C) Display cabinets
• D) A $55 credit card charge from a store patron
• E) Accounts payable

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Definitions:

Drive Axle Tires

Tires mounted on the drive axle of a vehicle, designed to provide traction and transmit power from the drivetrain to the ground.

Traction

The frictional force between a vehicle's tires and the surface it is on, allowing the vehicle to move forward or stop.

Air System Components

Parts of an air system, including compressors, valves, sensors, and hoses, that work together to manage and control air flow.

Methyl Hydrate

A solvent commonly known as methanol or wood alcohol, used in a variety of applications from antifreeze to fuel.