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.

---

Definitions:

Palatine Tonsils

Lymphatic tissue located on each side of the throat that helps defend the body against infection by trapping pathogens.

Soft Palate

The flexible, muscular part at the back of the roof of the mouth, which closes off the nasal passages during swallowing.

Hard Palate

Floor of the nasal cavity that separates the nasal cavity from the oral cavity; composed of the palatine processes of the maxillary bones and the horizontal plates of the palatine bones; also called bony palate.

Bolus

A term used to describe a mass of substance, especially chewed food at the moment of swallowing.