Cash, Property, and Things of Value That Are Owned by the Business

question 26

Multiple Choice

Cash, property, and things of value that are owned by the business are called:

• A) net worth.
• B) revenue.
• C) liabilities.
• D) assets.
• E) profits.

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Definitions:

Market Value

Market value is the current price at which an asset or service can be bought or sold in a competitive and open market.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation, and entitles the holder to vote on corporate matters and receive dividends.

Long-term Investment

Investments made with the expectation that they will yield benefits or appreciation over a period extending beyond one year.

Dividends

Payments made by a corporation to its shareholder members, often derived from the company's profits.