A tangible asset is one which is:
Answer(s): C
___________normally are carried on an organization's books as expenses because they tend to be consumed by the organization within a year of purchase.
Answer(s): A
___________are the amounts which are owned to other entities:
Answer(s): D
Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.
Answer(s): B
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