The Assets of a Company

question 112

Multiple Choice

The assets of a company:

• A) must equal the liabilities of the company.
• B) include property, plant, and equipment and common stock.
• C) represent economic resources that are expected to produce a future benefit.
• D) include merchandise inventory and accounts payable.

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Definitions:

Discriminating

Showing a prejudiced or unfair distinction in treatment or favor towards particular people or things.

Pardon Issued

An act of forgiveness by a governing authority, typically absolving an individual from legal penalties associated with a particular offense.

Duty To Accommodate

Requirement that an employer must accommodate the employee to the point of “undue hardship.”

Undue Hardship

A principle in anti-discrimination law that refers to significant difficulty or expense incurred by an employer in making accommodations for people with disabilities.