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The management of Asteria Inc. is studying the financial reports and statements of the company for the current accounting period. Which

accounting head is a part of an off-balance sheet item?
A.
copyrights
В.
bank loan
C.
prepaid office rent
D.
operating lease

User Secan
by
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2 Answers

13 votes

Answer:

Its D operating Lease

Step-by-step explanation:

User Erik Duymelinck
by
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13 votes

Answer:

В. bank loan

Step-by-step explanation:

A balance sheet shows the total net worth of a business at the end of a financial year. It shows the assets of a business on one side and equity and liabilities on the other.

A balance shows the assets of a business and how they have been financed. On the liabilities, the balance sheet will indicate the short term and long term liabilities. A bank loan represents money obtained from the banks on credit. Bank loan will be a subheading on the liabilities side, especially if the business has loans from different banks.