1. It is the capital-intensive characteristics of the hospitality industry that opening a hotel business takes a lot of initial investment regardless of its location.

True

False

2. Assets of a company are created by financing through debt and equity.

True

False

3. Assets are the resources owned by a company mainly for its operations.

True

False

4. Assets include such items as Long-term debt & the amount of Treasury Stocks.

True

False

5. Owners Equity is the amount that shareholders can claim on the companys assets.

True

False