A bank owns a 10-story office building. In the bank's balance sheet, this would be listed as part of:

Question

Quizplus · Accepted Answer

The office building is an asset of the bank because it is a physical property that has value and can be used to generate income or be sold if necessary. It does not fall under liabilities, capital stock, or net worth as it is not a debt or equity liability, nor is it included in the calculation of net worth.

A Bank Owns a 10-Story Office Building