Question:
Which of these is the best example of an asset?
a. the necklace someone is wearing
b. the electricity in a home
c. the coffee someone drank this morning
d. an old used airline ticket
Assets:
In the context of economics, the articles having economic value may be categorized into assets, liabilities, or shareholders' equity on the balance sheet of a firm or an individual. The liabilities and shareholders' equity are sources of financing for the assets.
Answer and Explanation:1
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The correct answer is option na. the necklace someone is wearing .
An asset is an item that has a certain value and can be stored by an individual....
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