Solution-Assets are economic resources of an enterprise

Assets are economic resources of an enterprise

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APB Statement 4 defines assets in the following terms: "Assets are economic resources of an enterprise that are recognized and measured in conformity with generally accepted accounting principles. Assets also include certain deferred charges that are not resources but that are recognized and measured in conformity with generally accepted accounting principles." Do you think this is a useful definition?

Reference no: EM13520009

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Assets are economic resources of an enterprise

Reference no: EM13520009

Reference no: EM13520009

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