1. What are the three types of assets that will be found on a balance sheet?
A.local, national, and international
B. land , buildings , and liquid
C.current , fixed, and intangible
D.short - term, long -term , and medium
1.) Balance Sheet
2.) Revenues, cost of goods sold, and operating expenses.
3.) Certified Public Accountants.
4.) Current, fixed, and intangible
5.) Budget.
6.) Private accountant
7.) A financial statement listing a firm's annual revenues and expenses so that a bottom line shows annual profit or loss.
8.) Foreign currency, exchange rate.
9.) Solvency
10.) Cash flow statement
C.current , fixed, and intangible
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The three types of assets that will be found on a balance sheet are:
C. Current, fixed, and intangible.
To arrive at this answer, we need to understand the different categories that assets can be classified into on a balance sheet:
1. Current assets: These are assets that are expected to be converted into cash or used up within one year (or within the normal operating cycle of a business if it is longer than one year). Examples include cash and cash equivalents, accounts receivable, inventory, and short-term investments.
2. Fixed assets: These are long-term assets with a useful life of more than one year, used to operate a business. Examples include land, buildings, equipment, vehicles, and machinery.
3. Intangible assets: These are non-physical assets that have no physical substance but can still bring value to a business. Examples include patents, copyrights, trademarks, brand names, and goodwill.
So, the correct answer is C. Current, fixed, and intangible because it accurately represents the different types of assets that are typically found on a balance sheet.