A characteristic essential to all assets is:a result of a past event.a resource controlled by the entity.a present economic resource.all of the options listed
Question
A characteristic essential to all assets is:a result of a past event.a resource controlled by the entity.a present economic resource.all of the options listed
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Solution 1
A characteristic essential to all assets is: "all of the options listed."
Here's why:
- "A result of a past event." - This is correct. An asset is recognized in the financial statements when it is probable that the future economic benefits will flow to the entity and the asset has a cost or value Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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A characteristic essential to all assets is:a result of a past event.a resource controlled by the entity.a present economic resource.all of the options listed
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