Which of the Following Accounts Would Not Be Found as an Asset

question 106

Multiple Choice

Which of the following accounts would not be found as an asset on the balance sheet of a manufacturer?

• A)Raw Materials Inventory
• B)Work in Process Inventory
• C)Finished Goods Inventory
• D)Merchandise Inventory

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Definitions:

iTunes

A media player, media library, Internet radio broadcaster, and mobile device management application developed by Apple Inc.

Wireless WAN

Wireless WAN (Wide Area Network) refers to a network that connects devices over large distances without the need for wired connections, using radio or other wireless communication.

Purchasing Cards

Specialized payment cards issued by organizations to their employees to make purchases on behalf of the organization, streamlining the procurement process.

Online Payments

Transactions that enable individuals to pay for products or services over the internet using digital financial instruments, such as credit cards, electronic wallets, or bank transfers.