Which of the Following Statements Is True About Assets

question 185

Multiple Choice

Which of the following statements is true about assets?

• A) They are the properties or economic resources owned by the business.
• B) They are available to provide future benefits to the business.
• C) They can be intangible rights.
• D) Ownership is shared between creditors and owners.
• E) All of these

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Definitions:

Scrambled

Refers to data or text that has been jumbled or encrypted to prevent unauthorized access or to ensure privacy.

Indecipherable

Referring to text, data, or information that cannot be understood or interpreted, often because of poor handwriting, encryption, or lack of context.

Exclusive Mode

A mode of operation in software applications that restricts access or functionality to a single user or process at a time.

Linked Tables

Tables in a database that are connected to tables in another database, allowing for data synchronization.