Which of these assets that could be listed on a balance sheet is likely not to translate into future economic benefits?
A) large inventories of spare parts
B) inventory that has been on the shelves for over a year
C) debtors that have been outstanding for several months
D) all of the above

Question

Quizplus · Accepted Answer

All the options listed (large inventories of spare parts, inventory that has been on the shelves for over a year, and debtors that have been outstanding for several months) may not translate into future economic benefits due to their potential to become obsolete, lose value, or become uncollectible, respectively.

Which of These Assets That Could Be Listed on a Balance