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Catch the assets

Exercise and reference answers

Items
  1. Matches the category
    Yes
    Item
    Cash
  2. Matches the category
    Yes
    Item
    Equipment
  3. Matches the category
    Yes
    Item
    Buildings
  4. Matches the category
    Yes
    Item
    Patent
  5. Matches the category
    No
    Item
    Bank loan
  6. Matches the category
    No
    Item
    Unpaid bill
  7. Matches the category
    No
    Item
    Wages due
  8. Matches the category
    No
    Item
    Taxes due
Category
Assets
Instructions
Catch the things a firm owns. Let the debts fall.

Explanation

_Source: OpenStax Introduction to Business, Chapter 14, Using Financial Information and Accounting._
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