Assets refer exclusively to:
A)the taxes to be paid by a firm.
B)the wages payable by a firm to its employees.
C)the cash payable by a firm.
D)the resources owned by a firm.

Question

Quizplus · Accepted Answer

Assets are the resources owned by a firm, such as cash, investments, property, equipment, and inventory. They represent the economic value that a company controls and can use to generate future revenues and profits. Options A, B, and C refer to specific types of liabilities or expenses, which are opposite of assets on a company's balance sheet.

Assets Refer Exclusively To