Which of the Following Is/are Essential Requirements for an Asset

question 20

Multiple Choice

Which of the following is/are essential requirements for an asset to exist for accounting purposes?

• A) (i)only
• B) (i)and (ii)only
• C) (i)and (iii)only
• D) (ii)and (iii)only

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Definitions:

Center for Disease and Control

Incorrectly named; intended is likely the Centers for Disease Control and Prevention (CDC), a national public health institute in the United States.

Member Nation

A country that is part of a larger political or economic organization or agreement.

Uncontrolled Population Growth

The rapid increase in the number of individuals in a population beyond sustainable limits and resources.

Connecticut v. Griswold

A landmark 1965 U.S. Supreme Court case that recognized the constitutional right to privacy, particularly in marital relations.