In this excerpt, what is the meaning of the word “reserves”?
A contingencies
B confinements
C assets
D supplies
In this excerpt, what is the meaning of the word “reserves”
Share
Quizzma Latest Questions
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
The correct answer is C: assets.
In this context, “reserves” typically refers to resources that are set aside for future use, which can be considered as assets that an entity has available. This interpretation aligns with the notion of having something valuable that can be drawn upon when needed.