Fixed assets that provide the basis for the firm's profit and value are often called
A) earning assets.
B) book assets.
C) tangible assets.
D) non-current assets.

Question

Quizplus · Accepted Answer

Earning assets refer to assets that generate revenue for a company, and are often fixed assets that are used to create products or provide services. These assets are critical to a company's ability to earn profits and create value for its shareholders. The other options, while potentially applicable in some cases, do not specifically address the concept of fixed assets that generate revenue and value for a company.

Fixed Assets That Provide the Basis for the Firm's Profit