_____ is are) economic resources that are expected to benefit future activities.
A)Stockholders' equity
B)Liabilities
C)Assets
D)Retained earnings

Question

Quizplus · Accepted Answer

Economic resources that are expected to benefit future activities are known as assets. Liabilities are obligations that a company owes to others, while stockholders' equity represents the amount of money investors have put into the company. Retained earnings are the portion of a company's profits that are not paid out as dividends but are held onto for future investments. Therefore, the best choice is C.

_____ Is Are) Economic Resources That Are Expected to Benefit