Which of the following would be on the balance sheet of a service company?
A) Factory equipment depreciation
B) Cost of goods manufactured
C) Cost of goods sold
D) Accounts receivable

Question

Quizplus · Accepted Answer

Accounts receivable would be on the balance sheet of a service company as it represents the amount of money owed by customers for services rendered. Factory equipment depreciation, cost of goods manufactured, and cost of goods sold are all related to manufacturing or selling goods and would not be relevant to a service company.

Which of the Following Would Be on the Balance Sheet