Define: 1) What Are Assets

question 50

Essay

Define:
1) What are assets?
2) What are liabilities?
3) What is shareholder's equity?
4) What financial statement would one find assets, liabilities and shareholder's equity?

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Definitions:

Number Field

an input field specifically designed for the entry of numerical values in forms or databases.

Store Values

The act of saving or retaining data values in a variable, database, or storage mechanism for future use or reference.

Money

A medium of exchange in the form of coins and banknotes; facilitates the transfer of goods and services.

Number

A mathematical object used to count, measure, and label.