Question

____ may include cash, marketable securities, notes receivable, and merchandise inventory?

1) Assets
2) Liabilities
3) Equity
4) Expenses

Answer 1

Assets may include cash, marketable securities, notes receivable, and merchandise inventory. They represent items of value that a firm or individual owns.

Step-by-step explanation:

Assets may include cash, marketable securities, notes receivable, and merchandise inventory. They represent items of value that a firm or individual owns. On a balance sheet, assets are listed on the left side of a T-account, while liabilities and equity are listed on the right side. For a healthy business, the net worth (assets minus liabilities) will be positive.