The Bookstore Café is a small restaurant located near a downtown business district. It is opened for breakfast and lunch and serves simple yet nutritious meals, as well as books from the Globe and Mail bestseller list. How would you categorize the book inventory, cooking equipment, tables, chairs, and the register?

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Quizplus · Accepted Answer

The book inventory, cooking equipment, tables, chairs, and the register are all considered assets because they are resources owned by the business that have economic value and are used to generate revenue.

The Bookstore Café Is a Small Restaurant Located near a Downtown