Which of the following would be listed as an asset on the balance sheet for a children's clothing shop?
A) Interest due on startup loan
B) Retained earnings
C) Accounts receivable
D) Money owed to vendors
E) Cost of goods sold

Question

Quizplus · Accepted Answer

Current assets can be normally converted to cash within one year. Examples would be primarily cash, accounts receivable, and merchandise inventory.

Which of the Following Would Be Listed as an Asset