The only difference in the balance sheets of various types of businesses (for example,manufacturing vs.service)is:
A)current assets.
B)current liabilities.
C)investments.
D)equity.

Question

Quizplus · Accepted Answer

The primary difference between the balance sheets of different types of businesses is the composition of their current assets. Manufacturing companies tend to have a higher proportion of inventory and raw materials in their current assets, while service companies tend to have more accounts receivable and cash. The other options (current liabilities, investments, and equity) may vary between businesses but are not typically the primary difference between different types of businesses.

The Only Difference in the Balance Sheets of Various Types