Coletta Is Preparing the Balance Sheet for Zebra Athletics

Multiple Choice

Coletta is preparing the balance sheet for Zebra Athletics. She is struggling to determine how to classify the stocks her company owns prior to running the statement and asks for your help. You tell her that stocks are classified as

A) a current asset.
B) stakeholders' equity.
C) a long-term liability.
D) a fixed asset.
E) a short-term liability.