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Identify Each of the Assets Listed Below with the Appropriate

Question 175

Short Answer

Identify each of the assets listed below with the appropriate classification:
A = Balance sheet,Current asset section
B = Balance sheet,Property,plant,and equipment section
C = None of the above
______ 1.Accumulated depreciation,equipment
______ 2.Depreciation expense
______ 3.Land
______ 4.Machinery
______ 5.Building
______ 6.Cash
______ 7.Notes receivable,due in 9 months
______ 8.Office supplies
______ 9.Trucks
______ 10.Sales
______ 11.Inventory
______ 12.Cost of goods sold
______ 13.Goodwill
______ 14.Computers
______ 15.Office furniture

Correct Answer:

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