Which of the following is an asset?
A)Common Stock
B)Retained Earnings
C)Notes Receivable
D)Notes Payable

Name: Which of the following is an asset? A)Common Stock B)Retained Earnings C)Notes Receivable D)Notes Payable
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Question

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Assets are resources presently owned by a business that generate future economic benefits.Notes Receivable is an example of an asset.Common Stock and Retained Earnings are examples of equity accounts,and Notes Payable is a liability.

Which of the Following Is an Asset