Q342
Cash and equivalents, inventories and accounts receivables are classified as
A.
assets on balance sheet
AnswerB.
liabilities on balance sheet
C.
earnings on income statement
D.
payments on income statement
Answer: Option A
Solution
Answer: Option A
Solution:
Cash and equivalents, inventories and accounts receivables are classified as Cash and equivalents, inventories and accounts receivables are classified as assets on balance sheet.