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Which statement about Property Effect No. 1: Fixing the Economic Potential of Assets is TRUE?...

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Accounting

Which statement about Property Effect No. 1: Fixing the Economic Potential of Assets is TRUE? Formal property representation (proof of ownership in writing) makes it more difficult to buy and sell assets. Formal property representation (proof of ownership in writing) is the same thing as the asset itself. Capital is born by documenting ownership in writing. In the United States, using an asset as collateral does not require a formal property representation (proof of ownership in writing).
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Which statement about Property Effect No. 1: Fixing the Economic Potential of Assets is TRUE? Formal property representation (proof of ownership in writing) makes it more difficult to buy and sell assets. Formal property representation (proof of ownership in writing) is the same thing as the asset itself. Capital is born by documenting ownership in writing. In the United States, using an asset as collateral does not require a formal property representation (proof of ownership in writing)

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