The amount of cash a company has on hand at the end of the year is an example of an asset.

Name: The amount of cash a company has on hand at the end of the year is an example of an asset.
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Question

Quizplus · Accepted Answer

This statement is true. Cash on hand is considered an asset on a company's balance sheet, as it represents a resource that can be used to meet obligations, invest in new opportunities, or distribute to shareholders.

The Amount of Cash a Company Has on Hand at the End