Asset*

2015 07 01 | Category: Offshore Glossary

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Asset*
Anything of value that is owned by a business or an individual. Assets are financial, such as cash; physical, such as real property; tangible, such as a patent or stock; or intangible, such as bonds or goodwill. On a balance sheet, assets always equal the sum of liabilities, common stock, preferred stock, and retained earnings.


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