A(n)________ is a collection of cash and other items that are used in the operation of the business.
A)Liability
B)Asset
C)Revenue
D)Equity

Name: A(n)________ is a collection of cash and other items that are used in the operation of the business. A)Liability B)Asset C)Revenue D)Equity
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Question

Quizplus · Accepted Answer

Assets are resources that a company owns and has the ability to generate future economic benefits. Cash and other items that are used in the operation of the business are considered assets.

A(n)________ Is a Collection of Cash and Other Items That