An economic resource that is owned by a company and will provide future benefits is referred to as:
A) revenue.
B) an asset.
C) retained earnings.
D) net income.
Correct Answer:
Verified
Q41: Mauricio invested $30,000 in Pizza Aroma in
Q42: Which of the following would not represent
Q43: A cost of doing business is referred
Q44: Expenses are:
A)equal to a company's liabilities.
B)always less
Q45: Profit is equal to:
A)revenues minus expenses.
B)assets minus
Q47: Amounts earned by selling goods or services
Q48: Operating activities include:
A)interest paid on a bank
Q49: Operating activities,investing activities,and financing activities are presented
Q50: The financial reports of a business include
Q51: Alpha sold $2,000 of services to Beta
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