All of the following items would appear on the balance sheet except
A)an investment in another company's bonds
B)an investment in marketable securities
C)a realized gain on the sale of a patent
D)the premium related to a bond liability that is still two years from maturity

Question

Quizplus · Accepted Answer

A balance sheet would include assets such as investments in other companies' bonds and marketable securities, as well as liabilities such as bond premiums. However, a realized gain on the sale of a patent would be recorded in the income statement rather than the balance sheet.

All of the Following Items Would Appear on the Balance