Which of the following accounts would be reported as assets on the balance sheet?

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answerhappygod
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Which of the following accounts would be reported as assets on the balance sheet?

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A) Cash, accounts payable, and notes payable.
B) Cash, retained earnings, and accounts receivable.
C) Cash, accounts receivable, and inventories.
D) Inventories, property and equipment, and common stock.
Answer: C
Explanation: Assets include but are not limited to cash, accounts receivable, and inventories.
They are considered to be economic resources of a business.
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