The CEO of Clarkson Company owns a vacation home in Hawaii. Clarkson Company owns a factory in Detroit where it is headquartered. Which of these properties is considered to be asset(s) of the business?
A) Only the vacation home in Hawaii.
B) Only the factory in Detroit.
C) Both the vacation home in Hawaii and the factory in Detroit.
D) Neither the vacation home in Hawaii nor the factory in Detroit.
Correct Answer:
Verified
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