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Question
show what you know- demonstrate what you learned about building your finan you must be able to both control and make decisions about the things you own in order for them to be considered assets. true false
In finance, an asset is defined as a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. The ability to control and make decisions (like using, selling, or managing) about the owned item is a key aspect of it being an asset. So the statement is correct.
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A. True