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Exam (elaborations)

BUSINESS AND FINANCE EXAM

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Question 1 The best definition of assets is the a. resources belonging to a company that have future benefit to the company. b. collections of resources belonging to the company and the claims on these resources. c. cash owned by the company. d. owners’ investment in the business. Answer: Question 2 Which of the following is not a liability? a. Accounts Receivable b. Accounts Payable c. Interest Payable d. Unearned Service Revenue Answer:Question 3 Which of the following financial statements is divided into major categories of operating, investing, and financing activities?

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BUSINESS AND FINANCE
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BUSINESS AND FINANCE

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Uploaded on
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Written in
2023/2024
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