An asset is
A)the same thing as a liability.
B)a thing of value that can be owned.
C)money, as opposed to stock or bonds.
D)anything that never declines in value.

Question

Quizplus · Accepted Answer

An asset is something of value that can be owned, such as property, stocks, or cash. It is not the same as a liability, which is an obligation or debt. Money is a type of asset, but not all assets are money. It is not true that all assets never decline in value, as some assets (such as stocks or real estate) can fluctuate in value over time.

An Asset Is