Which of the Following Is True of Assets

question 68

Multiple Choice

Which of the following is true of assets?

• A) Assets include Cash, Merchandise Inventory, and Accounts Payable.
• B) Assets are something of value the business owns or controls.
• C) Assets do not need to provide future benefit to the business.
• D) Assets can be recorded at the market value if acquired at a bargain.

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Definitions:

Violence

The use of physical force with the intention of causing harm, damage, or death, often associated with aggression and conflict.

Depression

A common and serious medical illness that negatively affects how you feel, the way you think, and how you act, characterized by persistent feelings of sadness and loss of interest.

Personality Disorders

A class of mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating from those accepted by the individual's culture.

Impairments

A reduction in the normal function of physical or mental abilities.