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Long term assets having no physical existence but, possessing a value are called Select one: O a. Intangible assets O b. Investments O c. Fixed

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Long term assets having no physical existence but, possessing a value are called Select one: O a. Intangible assets O b. Investments O c. Fixed assets O d. Current assets Purchase refers to the buying of Select one: O a. Goods for resale O b. Assets for the factory b O c. Investment O d. Stationery for office use Owners makes use of financial statements to compile national income. Select one: True False

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