Which of the following should a bakery list as fixed assets on a balance sheet?

Fixed assets, often referred to as long-term assets, are resources that a business uses over an extended period, typically projected to last more than one year. They are essential for the operation of the business and are not intended for immediate sale.

In this context, listing ovens and other equipment used for baking as fixed assets is appropriate because they are essential tools in the day-to-day operations of the bakery. These items are capital investments that the bakery will utilize to produce its products over multiple years. The value of these assets is recorded on the balance sheet to reflect the investment in the physical resources necessary for conducting the business.

On the other hand, cash in the register, baked goods inventory, and accounts receivable are classified differently. Cash is considered a current asset, representing easily accessible funds. Baked goods inventory, while important for operations, is also a current asset as it is expected to be sold in the near term. Accounts receivable, amounts owed to the bakery by customers, are classified as current assets as well because they represent short-term claims that will be converted into cash within a year.

Thus, the correct identification of ovens and other baking equipment as fixed assets emphasizes their role in supporting the bakery's long-term operational capacity.