As Hector was packing to return to Simon Fraser University after his summer vacation,he realized that he owned many valuable things such as a laptop computer,stereo system,and DVD player.An accountant would list all of these as Hector's:

Question

Quizplus · Accepted Answer

Assets are valuable items or resources owned by an individual or organization. In this scenario, Hector's laptop, stereo system, and DVD player are all valuable resources that he owns, making them assets. Liabilities refer to debts or obligations owed by an individual or organization, owners' equity refers to the amount of ownership an individual or group has in a business or organization, and intangibles are assets that do not have physical substance, such as patents or trademarks. Therefore, A) assets is the best choice.

As Hector Was Packing to Return to Simon Fraser University