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Which of the following statements is false?
Cash
Represents money or any instrument that banks accept for deposit and immediate credit to a company’s account, such as checks or money orders.
Expenses
Costs incurred by a business in the process of earning revenue, such as rent, salaries, and utilities.
Assets
Assets held by a business anticipated to deliver future economic advantages.
Expenses
Costs incurred in the process of earning revenue, including operational, administrative, and selling activities.
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