The First Balance Sheet Asset for a Regulated Utility Is

question 1

Multiple Choice

The first balance sheet asset for a regulated utility is:

• A)cash.
• B)receivables.
• C)inventory.
• D)plant.
• E)investments.

---

Definitions:

Discount On Notes Payable

This refers to the difference between the face value of a note payable and the amount received by the issuer, representing extra cost to be amortized over the term of the note.

Non-Interest-Bearing Note

A promissory note that does not accrue interest over its lifetime, typically requiring the borrower to repay only the principal amount.

Actuarial Information

Data and analysis related to the calculation of insurance risks and premiums, often based on statistical methods.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.