Question: What is the difference between an asset and a liability? Question 7Answer a. An asset is something you own, while a liability is something you

What is the difference between an asset and a liability? Question 7Answer a. An asset is something you own, while a liability is something you owe. b. An asset is something you owe, while a liability is something you own. c. There is no difference between an asset and a liability. d. An asset is a financial obligation, while a liability is a physical possession

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