Matter Occurs in __________ State(s)

question 59

Multiple Choice

Matter occurs in __________ state(s) .

• A)one
• B)two
• C)three
• D)four

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Definitions:

Assets

Economic resources owned or controlled by a business or an individual, capable of producing value and used to generate income or meet obligations.

Liabilities

Financial obligations or debts that a company owes to others, which must be paid in the future, including loans, accounts payable, and mortgages.

Shareholders' Equity

The residual interest in the assets of a corporation after subtracting liabilities, representing the ownership interest of shareholders.