What is an asset?
A)What is left after the liabilities are satisfied
B)What a company owns
C)What a company owes
D)None of the above

Question

Quizplus · Accepted Answer

An asset is something that a company owns and has value, such as property, equipment, or investments. Option A is actually referring to equity, which is what is left over after liabilities are subtracted from assets. Option C is referring to liabilities, which are debts or obligations that a company owes to others. Option D is incorrect as one of the options must be correct.

What Is an Asset