Common items found on a balance sheet include all of the following except for which of the following:'
A) Receivables
B)Cost of sales
C) Inventory
D) Long-term debt
E) Payables

Name: Common items found on a balance sheet include all of the following except for which of the following:' A) Receivables B)Cost of sales C) Inventory D) Long-term debt E) Payables
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Question

Common items found on a balance sheet include all of the following except for which of the following:'
A) Receivables 
B)Cost of sales
C) Inventory
D) Long-term debt
E) Payables

Quizplus · Accepted Answer

Cost of sales is typically found on the income statement, not the balance sheet. The other items listed are commonly found on a balance sheet.

Common Items Found on a Balance Sheet Include All of the Following