The response to the question would be FALSE.
Any resource that a company or other economic body owns or controls is referred to as an asset. Anything that has the potential to generate gains in the economy qualifies. Assets reflect ownership value that may be transformed into money.
Liabilities are the debts and commitments listed on a company's balance sheet. They are the antithesis of assets. Because they represent obligations that must be repaid over time, liabilities reduce a company's overall value.
Contrary to popular belief, the project with the lowest net present value is not always the best investment when comparing the net present values of projects.
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