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Indicate Which of the Following Items Would Be Classified as Assets

Question 65

Short Answer

Indicate which of the following items would be classified as assets on the balance sheets. a. Raw Materials
b. Goodwill
c. Post-retirement health obligations
d. Deferred revenues
e. Foreign currency translation adjustments
f. All software development costs
g. Loans to employee
h. Purchased trademarks
i. Cost of developing patent
j. Prepaid insurance
k. Company's preferred stock
l. Advances from customers
m. Discount on bond payable
n. Premium on bond payable

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