Harriet's Wimsey is a bookstore for people who love mysteries. How would a complete set of P. D. James mystery novels, a first edition copy of The Maltese Falcon, the money in the cash register, and an IOU from a loyal customer who forgot her wallet one day when she came to purchase the newest Dorothy Cannell book be listed on the store's balance sheet?

A. As fixed assets
B. As current liabilities
C. As long-term liabilities
D. As owners' equity
E. As current assets


Answer: E

Business

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