Adjustments ensure that ______ balances are reported at amounts representing the economic benefits that remain at the end of the

Question

Molodets [167]

2 years ago

7

Adjustments ensure that ______ balances are reported at amounts representing the economic benefits that remain at the end of the

period and will be used-up in future periods.

Business

1 answer:

Georgia [21] · Answer 1 · 2023-04-17T01:42:14+03:00

What we own are asset, adjustments ensure that asset balances are reported

<h3>What is an asset?</h3>

An asset is of worth that has economic value and future benefit. An asset can serve as a source of income generating money for present and future endeavors.

Therefore, what we own are asset, adjustments ensure that asset balances are reported

Learn more on assets here,

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