Which of the Following Would Be Recorded as an Asset

question 55

Multiple Choice

Which of the following would be recorded as an asset?

• A) prepayments
• B) accrued expenses
• C) revenue received in advance
• D) net profit.

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Definitions:

Cost Leadership Strategy

A cost leadership strategy is one that focuses on minimizing the costs as much as possible.

Defender Strategy

A business strategy focusing on defending existing market niches, maintaining stable growth, and protecting market share from competitors.

Adaptation Model

The adaptation model is one popular approach to business strategy where a business seeks ways to adapt to its environment.

Little Uncertainty

Situations in which outcomes or expectations are relatively clear and predictable, minimizing the need for guesswork or speculation.