All of the following would be reported on the balance sheet as current assets except
A)factory overhead
B)materials inventory
C)finished goods inventory
D)work in process inventory

Question

Quizplus · Accepted Answer

Factory overhead is not reported as a current asset on the balance sheet. It is an expense related to the cost of operating a factory that is not directly tied to production, and thus does not qualify as a current asset like inventories (materials, finished goods, and work in process) do.

All of the Following Would Be Reported on the Balance