The Equipment a Firm Owns and the Money It Has

question 109

True/False

The equipment a firm owns and the money it has in its bank account are considered assets.

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Definitions:

Grams

Grams are a unit of mass in the metric system, equivalent to one-thousandth of a kilogram.

Tablespoons

A unit of volume measurement, typically used in cooking, equivalent to three teaspoons or about 15 milliliters.

Teaspoon

A unit of measure used in cooking, equivalent to about 5 milliliters, or a small spoon used for stirring and sipping.

Medication

Substances used to treat, prevent, or diagnose illnesses, ranging from over-the-counter drugs to prescription pharmaceuticals.