Weegy: Specific identification is an inventory valuation method in which the actual cost of the purchased and issued (used or sold) items is identified by purchase date or a serial [ number. ] (More)

Weegy: Hi, I don't understand you question..."average". (More)

Weegy: A Corporation is owned by its shareholders. (More)

Weegy: A contra asset is an item that is entered on the asset side of an accounting ledger even though the item has a negative or credit balance. (More)

Weegy: Assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. [ Simply stated, assets represent ownership of value that can be converted into cash (although cash itself is also considered an asset) source wiki ] (More)