The used up assets needed by the firm in generating revenues.Select one:a.Expensesb.Capitalc.Revenued.Statement of Financial Position
Question
Solution 1
The correct answer is a. Expenses.
Here's why:
a. Expenses - This is the correct answer. Expenses are the cost of assets consumed or services used in the process of generating revenues.
b. Capital - This is not the correct answer. Capital refers to financial resources available for use.
c. Rev Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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