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    Business
  3. Study Set
    Accounting Information for Business Decisions
  4. Exam
    Exam 4: The Accounting System: Concepts and Applications
  5. Question
    Which of the Following Best Describes an Asset
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Which of the Following Best Describes an Asset

Question 70

Question 70

Multiple Choice

Which of the following best describes an asset?


A) Resources owned by an entity.
B) Resources owed by an entity.
C) Resources owned by an entity that are only tangible.
D) Resources that will provide future benefits to an entity.

Correct Answer:

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