Multiple Choice
For each item numbered below, identify which accounting element(s) listed in A through H each statement describes.You may use each letter more than once or not at all.
-That which will be used to generate future economic benefits
A) Assets
B) Liabilities
C) Contributed capital
D) Retained earnings
E) Revenues
F) Expenses
G) Net income
H) Dividends
Correct Answer:
Verified
Correct Answer:
Verified
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