QuestionMay 25, 2025

An example of an asset is: Money ) A Car Time All of the above

An example of an asset is: Money ) A Car Time All of the above
An example of an asset is:
Money
) A Car
Time
All of the above

Solution
4.3(344 votes)

Answer

Money, A Car Explanation 1. Identify Asset Characteristics An asset is anything of value or a resource of value that can be converted into cash. 2. Evaluate Each Option - Money: Directly convertible to cash. - A Car: Has value and can be sold for cash. - Time: Not directly convertible to cash, but valuable in other contexts. 3. Determine Correct Answer Only money and a car fit the definition of an asset as they can be converted into cash.

Explanation

1. Identify Asset Characteristics<br /> An asset is anything of value or a resource of value that can be converted into cash.<br /><br />2. Evaluate Each Option<br /> - Money: Directly convertible to cash.<br /> - A Car: Has value and can be sold for cash.<br /> - Time: Not directly convertible to cash, but valuable in other contexts.<br /><br />3. Determine Correct Answer<br /> Only money and a car fit the definition of an asset as they can be converted into cash.
Click to rate:

Similar Questions