Assets include ____.

Name: Assets include ____.
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

Assets refer to the resources owned or controlled by a company that have economic value and are expected to generate future benefits. Inventories, which includes raw materials, work-in-progress, and finished goods, are considered assets because they have the potential to generate future revenue. Shareholders' equity, long-term loans, and accounts payable are not assets, but rather sources of funding or claims against a company's assets.

Assets Include ____