Which of the following is true about assets?
A) Assets include both physical and intangible items.
B) Assets include only physical items.
C) Assets are the personal property of the owner of the company.
D) Assets are the result of selling products or services to customers.

Question

Quizplus · Accepted Answer

Assets include both physical items such as property, inventory, and equipment as well as intangible items such as intellectual property, patents, and copyrights.

Which of the Following Is True About Assets