For each item listed, select the section of the balance sheet in which the item would be reported.
-Computer available for resale
A)Current Assets
B)Property.Plant, and Equipment
C)Current Liabilities
D)Long-term Liabilities
E)Stockholders' Equity

Question

Quizplus · Accepted Answer

Computers available for resale by a company are considered inventory, which is classified under Current Assets on the balance sheet because they are expected to be sold within the company's normal operating cycle or within a year.

For Each Item Listed, Select the Section of the Balance