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    alialghanem's Avatar
    alialghanem Posts: 3, Reputation: 1
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    #1

    Dec 7, 2010, 09:33 AM
    What does asset mean?
    Unknown008's Avatar
    Unknown008 Posts: 8,076, Reputation: 723
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    #2

    Dec 7, 2010, 10:27 AM

    You could check this easily on the web:

    Quote Originally Posted by wikipedia
    In financial accounting, assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent ownership of value that can be converted into cash (although cash itself is also considered an asset).
    Now, you express this in your own words.
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