Which is classified as assets on typical balance sheet


Which of the following items are classified as assets on a typical balance sheet?

a. Depreciation.

c. Cash.

b. CEO salary.

d. Deferred income taxes.

e. Installment receivable (collectible in 3 years)

m. Loan to officers.

f. Capital withdrawal (dividend).

n. Loan from officers.

g. Inventories.

o. Fully trained sales force.

h. Prepaid expenses.

p. Common stock of a subsidiary.

i. Deferred charges.

q. Trade name purchased.

j. Work-in-process inventory.

r. Internally developed goodwill.

k. Depreciation expense.

s. Franchise agreements obtained at no cost.

l. Bad debts expense.

t. Internally developed e-commerce system.

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Finance Basics: Which is classified as assets on typical balance sheet
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