Which of the following elements represents an economic resource? A. Asset. B. Liability. C. Owners equity.

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Which of the following elements represents an economic resource?

A. Asset.

B. Liability.

C. Owners’ equity.

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International Financial Statement Analysis CFA Institute Investment Series

ISBN: 9780470287668

1st Edition

Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie

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Question Posted: Feb 14, 2024 09:01 AM

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Which of the following elements represents an economic resource? A. Asset. B. Liability. C. Owners equity.

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The correct answer is A Asset Assets represent an economic resource because they are valuable items ...View the full answer

International Financial Statement Analysis CFA Institute Investment Series

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