Which of the Following Statements Is True Concerning Assets

question 75

Multiple Choice

Which of the following statements is true concerning assets?

• A)Assets represent future economic sacrifices.
• B)Assets are expired costs.
• C)Assets become expenses at the time they are paid in cash.
• D)Assets become expenses when their economic benefits expire.

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Definitions:

Computerized Tomography

An imaging technique that uses computers to create cross-sectional images of the body from X-rays taken from different angles.

PET Scan

A PET scan, or positron emission tomography scan, is an imaging test that helps reveal how tissues and organs are functioning, using a radioactive drug (tracer).

Sensory Nerves

Nerves that transmit sensory information from the body to the central nervous system.

Motor Areas

Regions of the brain involved in the planning, control, and execution of voluntary movements.