ACC 290
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ACC 290 Final Exam Study Guide: 
 
The best definition of assets is the 
 
 
 
owners’ investment in the business. 
 
cash owned by the company. 
 
resources belonging to a company that have future benefit to the company. 
 
collections of resources belonging to the company and the claims on these resources. 
 
Multiple Choice Question 98 
 
 	 
 	 
Which of the following is not a liability? 
 
 
 
Accounts Payable 
 
Accounts Receivable 
 
Interest Payable 
 
Unearned Service Reve...
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ACC 290 Final Exam Study Guide: 
 
The best definition of assets is the 
 
 
 
owners’ investment in the business. 
 
cash owned by the company. 
 
resources belonging to a company that have future benefit to the company. 
 
collections of resources belonging to the company and the claims on these resources. 
 
Multiple Choice Question 98 
 
 	 
 	 
Which of the following is not a liability? 
 
 
 
Accounts Payable 
 
Accounts Receivable 
 
Interest Payable 
 
Unearned Service Reve...