Economic resources that are owned or controlled by an enterprise are called

Question

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Assets are economic resources that are owned or controlled by an enterprise, such as cash, property, and equipment. Liabilities are debts or obligations owed by the enterprise, revenues are income earned by the enterprise, and gains are increases in the value of assets or decreases in liabilities resulting from transactions or events outside of the business' normal operations.

Economic Resources That Are Owned or Controlled by an Enterprise