Which of the following would be listed as an asset on the balance sheet of a hardware store?
A) Nuts and bolts
B) A set of metric wrenches
C) Display cabinets
D) A $55 credit card charge to a store patron
E) All of these

Question

Quizplus · Accepted Answer

All of these items would be considered assets for a hardware store. Inventory items like nuts, bolts, and wrenches, display cabinets as fixed assets, and accounts receivable like a credit card charge are all assets.

Which of the Following Would Be Listed as an Asset