Which of the following is true of assets?

A) Assets include cash, merchandise inventory, and accounts payable.
B) Assets are something of value the business owns or controls.
C) Assets do not need to provide future benefit to the business.
D) Assets can be recorded at the expected cost if acquired at a bargain.

B

Business

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A firm can determine information about inventory movement, sales by different personnel, and sales volume through an analysis of _____

a. store observation reports b. customer billings c. inventory records d. written reports

Business

Which manager has the widest span of control?

A) a store manager in a gift shop with three shift supervisors reporting to her B) a district manager in a sporting goods company with six store managers reporting to him C) a CEO in a medical supply company with four vice presidents reporting to her D) a product manager in an automotive company with seven workers reporting to him E) an executive editor in a publishing company with eight editors reporting to her

Business