Which of the Following Statements About Assets Is NOT True

question 16

Multiple Choice

Which of the following statements about assets is NOT true?

• A) Assets provide future economic benefits.
• B) Assets are economic resources controlled by an organisation.
• C) Assets result from past transactions or other events.
• D) Assets are recorded at the amount they can be sold for.

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, evokes a conditioned response.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally triggers a reflexive response without prior learning.

Agoraphobia

A fear of being in situations in which help might not be available or escape might be difficult or embarrassing.

Obsession

A persistent, intrusive, and unwanted thought, urge, or image that causes significant anxiety or distress.