Multiple Choice
The cost of office supplies to be used in future periods is ordinarily shown on the balance sheet as a(n)
A) stockholders' equity
B) asset
C) contra asset
D) liability
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: The difference between deferred revenue and accrued
Q56: Accumulated depreciation accounts are liability accounts.
Q84: At the end of the fiscal year,
Q85: Using the following account balances for Garry's
Q89: If the adjustment to recognize expired insurance
Q106: Which of the following is an example
Q127: Which of the following is an example
Q134: Which of the accounting steps in the
Q166: Accrued expenses are ordinarily reported on the
Q184: Salaries of $6,400 are paid for a