The Economic Resources of a Business Such as Furniture,building,and Land

question 103

Multiple Choice

The economic resources of a business such as furniture,building,and land are its ________.

• A)liabilities
• B)revenues
• C)assets
• D)dividends

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Definitions:

Form 1099

A series of IRS documents used to report various types of income other than wages, salaries, and tips to the Internal Revenue Service.

Management Reports

Management reports are documents that provide managers with key financial and operational information needed to make informed decision-making.

Primary Objective

Denotes the main goal or purpose that an individual, group, or organization aims to achieve.

Reports

Documents that present an organized compilation of data and information, often used for analysis or decision-making.