According to the monetary/nonmonetary method,monetary balance sheet accounts include

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Monetary balance sheet accounts are those that can be expressed in monetary terms, such as cash, marketable securities, accounts receivable, and notes payable. Accounts payable of a foreign subsidiary can also be considered a monetary balance sheet account as they are obligations to pay in a certain currency. These accounts are easily convertible into cash or cash equivalents and therefore have a direct impact on the company's liquidity and financial health. Stockholders' equity and long term debt (option B) are non-monetary balance sheet accounts. COGs, sales, and net income (option D) are income statement accounts and not balance sheet accounts. Option C is partially correct as inventory paid for in cash is a monetary balance sheet account, but working capital is not a balance sheet account but a financial metric that describes a company's liquidity and operating efficiency.

According to the Monetary/nonmonetary Method,monetary Balance Sheet Accounts Include