Which of the Following Best Describes Assets

question 69

Multiple Choice

Which of the following best describes assets?

• A)They are equal to liabilities minus stockholders' equity.
• B)They are considered to be the economic resources of the business.
• C)They are all reported on the balance sheet at their current market value.
• D)They equal contributed capital.

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Definitions:

Intercellular Spaces

Gaps or areas between the cells of plants or animals, allowing for the exchange of gases or the passage of nutrients.

Facilitated Diffusion

A process in which substances move across cell membranes with the help of carrier proteins, without the expenditure of energy.

Osmosis

The diffusion of water through a semipermeable membrane from a region of low solute concentration to a region of high solute concentration.

Simple Diffusion

The movement of molecules from an area of high concentration to an area of low concentration without the need for energy input, often across a permeable membrane.