Which of the following would NOT be included as an asset on a corporate balance sheet?
A)Accounts receivable
B)Ordinary shares
C)Inventory
D)Buildings

Question

Quizplus · Accepted Answer

Ordinary shares represent ownership in a corporation and are categorized as equity, not assets. Assets are economic resources that a company owns or controls with the expectation of deriving future benefits. Accounts receivable, inventory, and buildings are all examples of assets that would be included on a corporate balance sheet.

Which of the Following Would NOT Be Included as an Asset