Which of the Following Is True of Assets

question 110

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 expected cost if acquired at a bargain.

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Definitions:

Reluctor

A term used to describe a number of devices that use magnetism and motion to produce voltage.

Series Circuit

An electrical circuit in which components are arranged in a single path, so current flows through one component to get to the next.

Voltage Drop

The decrease in electrical potential along the path of a current flowing in an electrical circuit, affecting the circuit's performance.

Power Consumed

The total amount of energy used by a device or system during its operation.