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What are assests ? |
| Answer» In financial accounting, an asset is any resource owned by a business or an economic entity. It is anything that can be owned or controlled to produce value and that is held by an economic entity and that could produce positive economic value.\xa0Examples\xa0of\xa0assets\xa0include: Cash and cash equivalents. Inventory. It is often deemed the most illiquid of all current\xa0assets\xa0- thus, it is excluded from the numerator in the quick ratio calculation. | |