Assets need not always have physical characteristics as do buildings,machinery,or inventory.
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Q11: The balance sheet shows assets,liabilities,and equity,as an
Q12: A transaction that causes an increase in
Q13: A business entity is regarded as separate
Q14: The payment of a liability causes an
Q15: The sale of additional shares of capital
Q17: When a business borrows money from a
Q18: The going concern principle assumes that the
Q19: Total assets plus total liabilities must equal
Q20: Any business event that might affect the
Q21: Which of the following is not a
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