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Questions and Answers
Which of the following is an ordinary asset?
Which of the following is an ordinary asset?
- Merchandise inventory on which the capital of the business is invested (correct)
- Shares of stock in a private corporation held as investment
- Land and building used as residence
- Private car for sale by the owner
Which of the following is not an ordinary asset?
Which of the following is not an ordinary asset?
- Land and building used as residence (correct)
- Merchandise inventory on which the capital of the business is invested
- Shares of stock in a private corporation held as investment
- Private car for sale by the owner
Which of the following assets is considered an investment?
Which of the following assets is considered an investment?
- Shares of stock in a private corporation held as investment (correct)
- Merchandise inventory on which the capital of the business is invested
- Land and building used as residence
- Private car for sale by the owner
