Identify which of the following accounts would appear on a balance sheet.
A) Cash
B) Fees earned
C) Common stock
D) Wages payable
E) Rent expense
F) Prepaid advertising
G) Land

Question

Quizplus · Accepted Answer

A) Cash is a current asset that would appear on the balance sheet.
C) Common stock is a component of shareholders' equity that would appear on the balance sheet.
D) Wages payable is a current liability that would appear on the balance sheet.
F) Prepaid advertising is a current asset that would appear on the balance sheet.
G) Land is a long-term asset that would appear on the balance sheet.

Identify Which of the Following Accounts Would Appear on a Balance