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In Business / College | 2025-07-03

Which of the following is an asset?
A. Credit card balance
B. Depreciation
C. Cell phone bill
D. Cash

Asked by shamikaroberson92

Answer (2)

The correct answer is cash, which is classified as an asset because it is a liquid resource that can be readily used. The other options (credit card balance, depreciation, and cell phone bill) are either liabilities or accounting methods and do not qualify as assets.
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Answered by Anonymous | 2025-07-04

The correct answer is cash, which is classified as an asset because it represents a liquid resource. Other options are liabilities or accounting methods that do not qualify as assets. Cash provides the holder with economic benefits, making it a key asset in personal finance. ;

Answered by GinnyAnswer | 2025-07-04

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