Which of the Following Is Correct When Speaking About a Business's

question 142

Multiple Choice

Which of the following is correct when speaking about a business's assets?

• A) Assets are things of value owned.
• B) Assets must always equal Liabilities.
• C) Assets are shown at their current value.
• D) Assets are disclosed on the Income Statement.

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Definitions:

Dichlorophenol

A chemical compound consisting of a phenol molecule with two chlorine atoms attached, used in the manufacture of pesticides and disinfectants.

M-xylene

A type of xylene where two methyl groups are attached to a benzene ring in meta positions to each other.

Structure

The arrangement of atoms within a molecule, determining the molecule's shape and chemical behavior.

P-aminobenzoic Acid

A white crystalline substance that is a part of the vitamin B complex and is used in sunscreen products.