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Which of the Following Is/are Essential Requirements for an Asset

Question 20

Multiple Choice

Which of the following is/are essential requirements for an asset to exist for accounting purposes? Which of the following is/are essential requirements for an asset to exist for accounting purposes? A) (i) only B) (i) and (ii) only C) (i) and (iii) only D) (ii) and (iii) only


A) (i) only
B) (i) and (ii) only
C) (i) and (iii) only
D) (ii) and (iii) only

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