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    Intermediate Accounting Study Set 4
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    Exam 2: Review of the Accounting Process
  5. Question
    A Future Economic Benefit Owned or Controlled by an Entity
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A Future Economic Benefit Owned or Controlled by an Entity

Question 100

Question 100

Multiple Choice

A future economic benefit owned or controlled by an entity is:


A) A revenue.
B) An asset.
C) A liability.
D) A contra asset until used.

Correct Answer:

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