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Chapter 10 and 11: Accounting and Finance

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  • Multiple Choice
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    30 seconds
    1 pt

    Accounting is ....

    the process of recording financial transactions pertaining to a business

    art and science of managing money

    a social science that deals with the production, distribution, and consumption of goods and services

  • Multiple Choice
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    30 seconds
    1 pt

    An Asset is...

    An asset is a resource currently owned and controlled by a business as a result of a past transaction

    An asset is a resource owned by a business as a result of a past transaction

    An asset is something that costs money

  • Multiple Choice
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    30 seconds
    1 pt

    Which of the following is an example of an asset?

    Vehicle

    Electricity

    Mortgage

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