Examples of assets are:
A)cash and accounts receivable.
B)investments by the owner and revenue.
C)accounts receivable and rent expense.
D)equipment and revenue.

Name: Examples of assets are: A)cash and accounts receivable. B)investments by the owner and revenue. C)accounts receivable and rent expense. D)equipment and revenue.
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Question

Quizplus · Accepted Answer

Assets include resources owned by a company that have economic value, such as cash and accounts receivable, but not revenue or expenses which are income statement items.

Examples of Assets Are