Explain ‘Assets’ and ‘knowledge’ with example.
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An asset is a resource that has some economic value to a company and can be used in a current or future period to generate revenues.
examples
Cash and cash equivalents.
Marketable securities.
Prepaid expenses.
Accounts receivable.
Inventory
Knowledge is a familiarity, awareness, or understanding of someone or something, such as facts, information, descriptions, or skills, which is acquired through experience or education by perceiving, discovering, or learning. Knowledge can refer to a theoretical or practical understanding of a subject.
examples of knowledge is having the ability to find a location. An example of knowledge is remembering details about an event.
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