A(n) ________ Such as Plant or Equipment Purchased by a Business

question 8

Multiple Choice

A(n) ________ such as plant or equipment purchased by a business entity shares at least one characteristic with a financial asset: Both are expected to generate future cash flow for their owner.

• A) tangible asset
• B) intangible asset
• C) balance sheet asset
• D) cash asset

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Definitions:

Effective

Being effective means producing a desired outcome or having the intended impact with efficiency, often assessed in terms of achieving goals or objectives.

Internet

A global network of computers that allows for the sharing of information and communication across vast distances instantly.

Job-seekers

Individuals actively looking for employment opportunities.

Flowering Plants

are plants that produce flowers as their reproductive structures, where seeds are developed.