Money and items of value in a businessA) accounting formulaB) accounts receivable ratio formulaC) gross collection ratio formulaD) net collection ratio formulaE) cost ratio formulaF) assetsG) write-offsH) liabilitiesI) accounts receivableJ) income statement

Question

Jacob Smith · Accepted Answer

Final Answer : F, Explanation :  Assets refer to money and items of value owned by a business. These can include cash, inventory, property, and equipment, among other things, representing the resources a business has at its disposal to operate and generate income.

Money and items of value in a business

A) accounting formula
B) accounts receivable ratio formula
C) gross collection ratio formula
D) net collection ratio formula
E) cost ratio formula
F) assets
G) write-offs
H) liabilities
I) accounts receivable
J) income statement

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Learning Objectives

Learning Objectives

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