"Select all items that will be included in Sports Baseballs, Inc. Balance Sheet."

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Options
Cash on hand
Fixed assets
Net sales
Administrative expenses
Taxes
Long-term debt
Dividends paid
Marketing expenses
Consulting revenues

I cannot find information in the text on this. It is possible to choose multiple answers for this. I have currently chosen Long-Term Debt, Fixed Assets. Anyone have any idea?

To determine which of the given options will be included in Sports Baseballs, Inc. Balance Sheet, we need to consider the nature of each item and how it typically appears in a balance sheet.

A balance sheet presents a company's financial position at a specific point in time, providing an overview of its assets, liabilities, and equity. Here is a breakdown of the options:

1. Cash on hand: This represents the amount of cash held by the company and is classified as a current asset on the balance sheet. Therefore, it should be selected.

2. Fixed assets: Fixed assets generally include long-term assets such as property, plant, and equipment (PP&E). These assets are not easily convertible to cash in the short term. As such, they are usually listed as long-term assets on the balance sheet. Therefore, it should be selected.

3. Net sales: Net sales refer to the total sales revenue of the company after deductions such as discounts, returns, and allowances. Net sales do not directly appear on the balance sheet but are typically included in the income statement (also known as the statement of comprehensive income or profit and loss statement). Therefore, it should not be selected.

4. Administrative expenses: Administrative expenses are the costs incurred to manage the regular operations of the company, including salaries, office supplies, and utilities. These expenses are typically considered part of the company's income statement rather than the balance sheet. Therefore, it should not be selected.

5. Taxes: Taxes, such as income tax payable, are liabilities and would be listed on the balance sheet. However, the term "taxes" is broad, so it is unclear whether it refers to taxes payable or some other form of taxes. Without further clarification, it is difficult to determine whether it should be selected or not.

6. Long-term debt: Long-term debt represents the company's obligations that will be due beyond the next 12 months. It is classified as a long-term liability on the balance sheet and should be selected.

7. Dividends paid: Dividends paid, which represent the distribution of profits to shareholders, are typically accounted for in the retained earnings section of the balance sheet. Therefore, it should not be selected.

8. Marketing expenses: Similar to administrative expenses, marketing expenses are operating costs related to promoting and advertising the company's products or services. These expenses are more commonly seen on the income statement rather than the balance sheet. Therefore, it should not be selected.

9. Consulting revenues: Consulting revenues, which relate to income generated from providing consulting services, would be part of the company's net sales or revenue figure on the income statement but do not directly appear on the balance sheet. Therefore, it should not be selected.

Based on this analysis, the options that would likely be included in Sports Baseballs, Inc. Balance Sheet are Cash on hand and Fixed assets. However, the clarity regarding taxes is missing, so it is uncertain whether it should be selected or not.