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harvir sandhu
on Dec 10, 2024

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What is an asset?

A) What remains after the liabilities are satisfied
B) What a company owes
C) What a company owns
D) The excess of revenues over expenses

Asset

Any resource owned by a business or an individual that is expected to provide future benefits.

Liabilities

Financial obligations or debts that a company or individual owes to others, which must be satisfied in the future.

Revenues

The total amount of money received by a company from its business activities, such as sales of goods or services, over a specified period.

  • Understand the concept of assets within the context of accounting.
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bianca sanchezDec 14, 2024
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