Which of the following is not an asset?
A) investments
B) cash
C) inventory
D) owner's equity

Name: Which of the following is not an asset? A) investments B) cash C) inventory D) owner's equity
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Question

Quizplus · Accepted Answer

Owner's equity is not an asset. It is the residual interest in the assets of an entity after deducting liabilities. Assets are economic resources that are expected to provide future benefits to the entity, such as investments, cash, and inventory.

Which of the Following Is Not an Asset