Question: ment Item a . A ( n ) _ _ _ _ _ _ is a resource owned or controlled by a company. equityselected answer

ment Item
a. A(n)______ is a resource owned or controlled by a company. equityselected answer incorrect
b. Accounts Receivable, Prepaid Accounts, Supplies, and Land are examples of ______ accounts. assetselected answer correct
c. A(n)______ is an obligation of the company to transfer assets to others. ledgerselected answer incorrect
d.______ are held by a seller and are promises of payment from customers to the seller. liabilityselected answer incorrect
e. A(n)______ is a record of accounts and their balances. creditorsselected answer incorrect

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