Which of the following is not considered an asset?
A)Patents
B)Common stock
C)Accounts receivable
D)Supplies

Name: Which of the following is not considered an asset? A)Patents B)Common stock C)Accounts receivable D)Supplies
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Question

Quizplus · Accepted Answer

Common stock represents ownership in a company and is considered part of the equity section of the balance sheet, not an asset. Patents, accounts receivable, and supplies are all considered assets.

Which of the Following Is Not Considered an Asset