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An Asset Is

Question 199

Multiple Choice

An asset is


A) the amount of money originally invested in a business by its owners.
B) the amount of money that owners would receive if they sold all a firm's assets and paid all of its liabilities.
C) the profits earned by and reinvested in the company.
D) any economic resource expected to benefit a firm or an individual who owns it.
E) a debt owed by a firm to an outside organization or individual.

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