Tangible assets are the product of a firm's past earnings and the basis on which future earnings are projected.

Name: Tangible assets are the product of a firm's past earnings and the basis on which future earnings are projected.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

Tangible assets are physical assets such as property, plant, and equipment, not necessarily the product of past earnings nor the sole basis for projecting future earnings, as intangible assets and other factors also play significant roles.

Tangible Assets Are the Product of a Firm's Past Earnings