Which of the Following Statements Is True Concerning Assets

question 75

Multiple Choice

Which of the following statements is true concerning assets?

• A)Assets represent future economic sacrifices.
• B)Assets are expired costs.
• C)Assets become expenses at the time they are paid in cash.
• D)Assets become expenses when their economic benefits expire.

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Definitions:

Outcome On Tests

The result or performance measure of an individual or group in an examination or assessment context, which can influence future educational or occupational opportunities.

Hidden Curriculum

This refers to the unwritten, unofficial, and often unintended lessons, values, and perspectives that students learn in school, beyond the formal curriculum.

Resocialization

The process by which individuals undergo training or retraining to learn the norms, values, and behaviors appropriate for a new social role or environment.

Socializing Agents

Individuals, groups, or institutions that play significant roles in integrating individuals into the social world by teaching social norms, values, and roles.