Solution-Which of the following items are classified as

Which of the following items are classified as assets on a typical balance sheet?

a. Depreciation.	c. Cash.
b. CEO salary.	d. Deferred income taxes.
e. Installment receivable (collectible in 3 years)	m. Loan to officers.
f. Capital withdrawal (dividend).	n. Loan from officers.
g. Inventories.	o. Fully trained sales force.
h. Prepaid expenses.	p. Common stock of a subsidiary.
i. Deferred charges.	q. Trade name purchased.
j. Work-in-process inventory.	r. Internally developed goodwill.
k. Depreciation expense.	s. Franchise agreements obtained at no cost.
l. Bad debts expense.	t. Internally developed e-commerce system.

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