Mastering Assets
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Questions and Answers

Which category of assets can be easily converted into cash?

  • Physical assets
  • Tangible assets
  • Financial assets (correct)
  • Real assets

    • What do real assets include?

  • Stocks and bonds
  • Physical possessions
  • Cash and savings accounts
  • Land and building (correct)

    • What do financial assets represent on a balance sheet?

  • Total revenue of a business
  • Total liabilities of a business
  • Total expenses of a business
  • Total worth of a business (correct)

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