Question
In: Finance
Which of the following amounts would be included on the right side of a balance sheet?...
Which of the following amounts would be included on the right side of a balance sheet?
A.
the cash held by the company
B.
the amount of money owed to the company by customers who have not yet paid for goods and services they have received
C.
the amount of deferred tax liability held by the company
D.
the value of government bonds held by the company
Solutions
Expert Solution
Right side of the balance sheet is liabilities and owner’s equity. Any items that fall under, current liabilities, long-term liabilities and stockholder’s equity are posted on the right-hand side of the balance sheet. Deferred tax liability is a liability.
Hence, correct option is C. the amount of deferred tax liability held by the company.
jeff jeffy answered 2 years agoRelated Solutions
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