Which of the following accounts would not appear as an asset on a manufacturer's balance sheet?
A)Finished Goods
B)Work in Process
C)Factory Overhead
D)Raw Materials

Question

Quizplus · Accepted Answer

Factory Overhead represents indirect costs associated with production, such as rent and utilities, and would not be classified as an asset on a manufacturer's balance sheet. Finished Goods, Work in Process, and Raw Materials are all stages of the production process and would be classified as assets.

Which of the Following Accounts Would Not Appear as an Asset