An asset is
A)the amount of money originally invested in a business by its owners.
B)the amount of money that owners would receive if they sold all a firm's assets and paid all of its liabilities.
C)the profits earned by and reinvested in the company.
D)any economic resource expected to benefit a firm or an individual who owns it.
E)a debt owed by a firm to an outside organization or individual.

Question

Quizplus · Accepted Answer

An asset is any economic resource expected to benefit a firm or an individual who owns it, such as cash, inventory, or property.

An Asset Is