Which of the Following Best Defines an Asset

Sources of financing an entitys assets. Which of the following best describes liabilities and stockholders equity.

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Something that a business owes.

. List and map assets in the community. Which of the following best defines the risk of a financial asset. Which of the following best defines a debit as its used in double-entry accounting.

The total cash inflows minus total cash outflows. Items bought to be used in the business B. Assets are resources owned or controlled by a company and that have expected future benefits.

Which of the following best describes a liability. They are considered to be the economic resources of the business. Which of the following accounts would be reported as assets on the balance sheet.

Answer D is wrong because what a company owes describes a liablity not an asset. Listed on the left-hand side of a balance sheet D. A Something with a ready market value b An economic resource which will provide some future benefits owned by a business.

Listed on the left-hand side of a balance sheet. Expensive items bought for the business D. Asked Jun 16 2016 in Business by lil_foxy_baby.

Always equal to an asset. Which of the following accounts would be considered an asset. The total assets minus total liabilities c.

Determine characteristics of each hazard. Something that a business owes C. Which of the following best describes financial.

The assets liabilities equity b. Which of the following best defines an asset A Something with physical form that from ACCOUNTING 1 at Tunku Abdul Rahman University College Kuala Lumpur. Anything of value owned by the business.

Answer B is wrong becuase a particular asset may or may not equal a corresponding liability. Anything of value owned by the business B. Something that a business owes.

Which of the following best describes assets. Listed on the right-hand side of a balance sheet D. Recording the value paid for the purchase of a plant asset.

Up to 25 cash back Answer A is best because assets are owned by the entity. Answer C is wrong because assets are typically listed on the left side of a balance sheet. Which of the following statements is the best definition of an asset.

An asset is anything of value owned by the business. 1 1 point An increase in liabilitiesexpenses and a decrease in. Explanation to the correct answer capitalizing asset means to record all the cost incurred with respect to the assset till it is put.

Answer to Solved Which of the following BEST defines. On a balance sheet Assets Liabilities Owners Equity. 1 Which of the following best describes the nature of an asset.

An economic resource representing cash or the right to receive cash in the near future. Notes to financial statements. An economic resource owned by a business and expected to benefit future operations.

Items having a long life and not bought specifically for resale. Assets refers to the term that is used in accounting. Which of the following equations is the balance sheet equation.

An asset is Anything of value owned by the business and a liability is something the business owes. This term is used to represent the overall holdings that the company or an organization is having in terms of machinery inventories cash in hand furniture etc. Which of the following best describes financial performance.

Identify hazards that can occur in the community. Which of the following best describes assets. The uncertainty that an asset might gain or lose value Which of the following financial assets is the most liquid.

1 1 point An increase in liabilitiesexpenses and a decrease in. Which of the following best describes the nature of. Up to 25 cash back A.

Items which will not wear out quickly C. Updated 10182014 23524 PM. 1 Which of the following best defines an asset.

Always equal to an asset. Hence Option C is the correct answer. Which of the following best defines a credit as its used in double-entry accounting.

The revenue expenses and net income or loss for a period d. Estimate the expected repair costs from the hazard. 11 Which of the following best describes long term assets.

The assets are recognized and recorded only if it fulfills all the conditions that are given. Cash accounts receivable and inventories. C The process of reducing the value of fixed assets over time.

Anything of value owned by the business B. B The process of deducting operating expenses from the value of fixed assets. Which of the following BEST describes depreciation.

Which of the following best describes the Inventory Assets step in the process for conducting a hazard analysis. C The amount of the owners investment in a business d None of these. Something with physical form that is valued at cost in the accounting records.

A The process of increasing the value of fixed assets over time. Always equal to a liability C. They are considered to be the economic resources of the business.

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