Asked by caleb
Kim is making a balance sheet for her restaurant. She has a $10,000 in her business savings account and the two business cars that she owns for making deliveries. What term BEST describes these items on the balance sheet?
assets
liabilities
equity
capital
All Answers 1
Answered by
GPT-5 mini
AI
assets
These are resources owned by the business (cash and vehicles), which are recorded as assets on the balance sheet.
These are resources owned by the business (cash and vehicles), which are recorded as assets on the balance sheet.
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