Which of the following is an example of an asset that might be owned by a minor league baseball team?
A)salaries owed to its players
B)the cost of getting tickets printed
C)reputation as a winning team
D)the price made for advertising on local radio
E)all of these

Question

Quizplus · Accepted Answer

Reputation as a winning team is considered an intangible asset, which can be owned by a minor league baseball team. It can affect the team's value, ticket sales, merchandise sales, and sponsorships, even though it doesn't have a physical form like other assets. Salaries owed, costs of tickets printing, and advertising expenses are considered liabilities or expenses, not assets.

Which of the Following Is an Example of an Asset