Which one of the following is not an asset?
A)A company's equity in the common stock of another company.
B)A company's trademarked name for a process.
C)Retained earnings.
D)Notes receivable.

Question

Quizplus · Accepted Answer

Retained earnings are not a physical or financial asset that a company owns. Rather, they represent the portion of a company's profits that have been retained and reinvested in the company, rather than distributed to shareholders as dividends.

Which One of the Following Is Not an Asset