Which of the following would NOT be included as an asset on a corporate balance sheet?
A) Accounts receivable
B) Common stock
C) Inventory
D) Buildings

Question

Quizplus · Accepted Answer

Common stock represents ownership in the corporation and is classified as equity rather than an asset on the balance sheet. The other options (accounts receivable, inventory, buildings) are all examples of assets that would be included on a typical balance sheet.

Which of the Following Would NOT Be Included as an Asset