The resources a business owns are called:
A) assets.
B) liabilities.
C) earnings.
D) stockholders' equity.

Question

Quizplus · Accepted Answer

Assets are the resources owned by a business, such as cash, inventory, equipment, and property. Liabilities are debts owed by a business, earnings are the profits or income generated by a business, and stockholders' equity is the portion of a company's assets that is owned by shareholders. Therefore, the correct answer is A, as assets are the resources owned by a business.

The Resources a Business Owns Are Called