A Contra-Asset Is

question 55

Multiple Choice

A contra-asset is

• A) in reality a liability.
• B) an asset with a debit balance.
• C) an account with an opposite balance of a normal asset.
• D) an account that increases the asset.

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Definitions:

Tacit Knowledge

Unwritten, unspoken, and hidden knowledge acquired through personal experience and context, often difficult to formalize and communicate to others.

Spanner

A Google Cloud global database service that provides ACID transactions, SQL queries, and horizontal scaling.

Consistency

The property of a system to ensure that all users see the same data at the same time, an essential aspect of databases and distributed systems.

KMS

Knowledge Management System, a technology-based system to facilitate the collection, organization, sharing, and analysis of knowledge within an organization.