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Assets refer to: O a firm's productive resources. 0 the statement of a firm's financial position at one point in time, including its assets and

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Assets refer to: O a firm's productive resources. 0 the statement of a firm's financial position at one point in time, including its assets and the claims on those assets by creditors (liabilities) and owners (stockholders' equity). 0 the net amount (net book value) for something shown in accounting statements. the extent to which something can be sold for cash quickly and easily without loss of value. 0 none of the above

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