An Asset Is a Cost Matched with Revenues in a Future

question 55

True/False

An asset is a cost matched with revenues in a future accounting period.This statement is the definition of asset.

---

Definitions:

Health Care

A sector concerned with the maintenance or improvement of health through the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in people.

The United States

A federal republic consisting of 50 states, a federal district, and several territories, known for its significant influence on world economics and politics.

Right or Privilege

A distinction where a right is an entitlement or justification to have or do something, whereas a privilege is a special benefit or advantage granted to someone under certain conditions.

UN Global Compact

A United Nations initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation.