According to Map 21.3: The Election of 1912, which of the following statements is true? 
Definitions:
Asset Account
An account that records all financial transactions related to a company's assets, including current and fixed assets.
Credit Customer
A customer who purchases goods or services on credit, paying for them at a later date.
Asset Account
An account that records tangible or intangible items owned by a business which have value.
Liability Account
An accounting record that captures the amounts a company owes to creditors or other parties, reflecting the company's future obligations.
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