The balance sheet uses all of the following account titles to describe assets except
A) accounts receivable.
B) cash.
C) inventory.
D) current assets.
E) deferred income taxes.

Name: The balance sheet uses all of the following account titles to describe assets except A) accounts receivable. B) cash. C) inventory. D) current assets. E) deferred income taxes.
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Question

Quizplus · Accepted Answer

Deferred income taxes is a liability (not an asset)owed to the government but not due within one year.

The Balance Sheet Uses All of the Following Account Titles