Which one of the following is defined as anything a firm owns that has value?
A)equity
B)asset
C)liability
D)cash inflow
E)cash outflow

Question

Quizplus · Accepted Answer

An asset is anything a firm owns that has value. Equity represents ownership in the firm, liability represents debts or obligations owed by the firm, and cash inflow/outflow represent the movement of money into and out of the firm.

Which One of the Following Is Defined as Anything a Firm