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Monetary assets are cash and promises by an outside party to pay the entity a specified amount of money. Which of the following assets are
Monetary assets are cash and promises by an outside party to pay the entity a specified amount of money. Which of the following assets are monetary assets? (Select all that apply.)
___ A) Inventory
____ B) Accounts receivable
_____ C) Notes receivable
_____ D) Buildings
______ E) Equipment
_______ F) Bond owned by the entity
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