Which of the Following Accounts Would Be Reported as Assets

question 9

Multiple Choice

Which of the following accounts would be reported as assets on the balance sheet?

• A)Cash,accounts payable,and notes payable.
• B)Cash,retained earnings,and accounts receivable.
• C)Cash,accounts receivable,and inventories.
• D)Inventories,property and equipment,and common stock.

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Definitions:

Lease Term

The duration for which a lease agreement remains effective, typically stated in months or years.

Constructive Eviction

An eviction that occurs when a property has become unsuitable for use due to the unlivable quality of the property.

Leak

The unauthorized release of confidential information or the escape of a liquid or gas through a hole or crack.

Landlord

A person or entity that owns property and rents it out to individuals or businesses, often under a lease agreement.