Which of the following would be described as anything that is acceptable as payment for goods and services?

Question

Quizplus · Accepted Answer

Money is universally accepted as a medium of exchange for goods and services. Shareholders' equity and fixed assets are terms related to the balance sheet of a company, and capital refers to the financial resources a company uses to fund its operations. None of these choices fit the definition of anything acceptable as payment for goods and services.

Which of the Following Would Be Described as Anything That