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:

Prokaryotes

Organisms whose cells lack a nucleus and other membrane-bound organelles, including bacteria and archaea.

Lac Operon

A regulatory unit in the DNA of bacteria that controls the metabolism of lactose, consisting of genes coding for proteins involved in lactose processing and the regulatory elements controlling them.

Structural Genes

Genes that code for proteins which serve as building blocks for cells and tissues or take part in chemical reactions within the organism.

Regulatory Sequences

DNA sequences that are involved in controlling the expression of genes, determining when and where genes are turned on or off.