Which of the Following Amounts Would Be Included on the Right

question 74

Multiple Choice

Which of the following amounts would be included on the right side of a balance sheet?

• A) the value of government bonds held by the company
• B) the cash held by the company
• C) the amount of deferred tax liability held by the company
• D) the amount of money owed to the company by customers who have not yet paid for goods and services they have received

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Definitions:

Inflation Rate

How quickly the average price of goods and services climbs, lessening the value of money.

Currency

The system of money in general use in a country or economic bloc, used as a medium of exchange for goods and services.

Secondary Reserves

Liquid assets that are not used as part of a firm's primary operations but can be quickly converted into cash to meet short-term liabilities.

Treasury Bills

Short-term government securities issued with a term typically less than one year, used to raise funds for government expenses.