What are assets?

A. Resources that a company owns with future benefit
B. Amounts paid to owners
C. Amounts owed to others and are future obligations
D. Net worth of a company


Answer: A

Business

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Which of the following would likely be a primary key in a purchases table?

A. Purchase_Order_Number. B. Purchase_Order_Date. C. Supplier_Number. D. Product_Description.

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The quick acid test ratio contains all of the following except:

a. cash b. accounts receivable c. marketable securities d. prepaid assets

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Considering Qualitative Factors What are the considerations that may cause a quantitatively small misstatement to be considered material?

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Why is it important for all business planning to be integrated?

What will be an ideal response?

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