Which of the Following Is Considered an Asset

question 50

Multiple Choice

Which of the following is considered an asset?

• A) hacker
• B) unpatched Web server
• C) disgruntled employee
• D) intellectual property

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Definitions:

Market Value

The current price at which an asset or a service can be bought or sold in a marketplace.

General Journal

A primary bookkeeping ledger used by businesses to record all transactions in chronological order.

General Ledger

The comprehensive set of accounts that records all transactions of a business, serving as the foundation for preparing financial statements.

Accounting Time Periods

The specific intervals or time frames for which financial information is reported, such as monthly, quarterly, or annually.