Which of These Is Not an Asset

question 27

Multiple Choice

Which of these is not an asset?

• A)Accounts payable.
• B)Loan to J Troja.
• C)Accounts receivable.
• D)Both A and B.

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Definitions:

Materials Input

The raw materials, components, and supplies used in the production or manufacturing of goods.

Total Weight

The combined mass of all the components or elements of an item or shipment, often measured in pounds or kilograms.

Direct Labor Dollars

The total cost of wages paid to employees who are directly involved in the manufacturing process.