Any Asset Used to Make Purchases Is

question 35

Multiple Choice

Any asset used to make purchases is

• A) a bond.
• B) a stock.
• C) a deposit.
• D) money.
• E) incomE.

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Definitions:

External Control

Influence or regulation by external factors or entities over an organization's or individual's actions and decisions.

Internal Control

Mechanisms, rules, and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.