Which of the following terms refers to any economic resource that is expected to benefit a firm or individual who owns it?
A) Asset
B) Liability
C) Equity
D) Account
E) Deposit
Answer: A
Explanation: A) An asset counts as something of value for accounting purposes.
Business
You might also like to view...
By the end of 2012, Groupon had more than 40 million users in 48 countries. More than half of Groupon's Web site visitors live in the United States
Indicate whether the statement is true or false
Business
What is a user-defined procedure?
Business
3. The interview should be seen as an opportunity for you to find out about the working conditions, scope of the job, and opportunities to advance
Indicate whether the statement is true or false.
Business
Which of the following is NOT one of the stages in the evolution of a company from local producer to global firm?
A. domestic B. international C. multinational D. intranational
Business