Final answer:
The question asks for the categorization of certain cash-related items on Olympian Inc.'s balance sheet, but does not provide the necessary details. A balance sheet lists assets and liabilities, with cash typically classified as an asset. Additional information is required to accurately categorize the items from A through I as either assets or liabilities.
The correct option is not given.
Step-by-step explanation:
The subject of the question is the categorization of various cash-related items on a company's balance sheet. Specifically, the question refers to Olympian Inc. and asks how certain items (A through I) related to cash should be reported in their financial statements at the end of the annual accounting period on December 31.
However, the question does not provide the actual items (A through I) for analysis, making it impossible to decisively categorize them as either assets or liabilities. In general, a balance sheet is an accounting statement that reflects a company's financial position by listing its assets and liabilities.
On a balance sheet, cash and cash equivalents are typically considered assets because they are valuable resources owned by the company that can be used for future transactions or to settle debts. By contrast, liabilities represent obligations or debts owed by the company. As it stands, the question requires additional information to accurately address how each item should be reported.
The concept of net worth, or equity, is calculated as the value of assets minus liabilities. In the context of a bank, cash held in vaults, reserves at the Federal Reserve, loans to customers, and bonds are examples of bank assets. The net worth of a bank is also known as bank capital.
The correct option is not given.