Which of the following statements regarding assets is NOT true?
a. An asset represents a probable future economic benefit.
b. Assets are obtained or controlled as a result of past or probable future transactions or events.
c. Assets reported on the balance sheet include both monetary and nonmonetary resources.
d. Assets include costs that have not yet been matched with revenues.
C
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Which of the following philosophers introduced the idea that power as a means to an end can be virtuous but that power as an end is inherently undesirable?
A) Bertrand Russell B) Max Weber C) Machiavelli D) Bierstedt
An agent (in a host nation) of a principal is subject to the laws of the principal's country
Indicate whether the statement is true or false
A higher bond rating usually means a lower yield
Indicate whether the statement is true or false.
Which of the following is true regarding personal financial credit reports?
A) they rarely contain inaccurate data B) inaccuracies are not usually spotted because many individuals do not review their reports regularly C) there are no laws that govern them D) they are easily corrected if found inaccurate