A(n) ________ such as plant or equipment purchased by a business entity shares at least one characteristic with a financial asset: Both are expected to generate future cash flow for their owner.

Question

Quizplus · Accepted Answer

Tangible assets such as plants or equipment are physical assets that can be seen and touched. They are expected to generate future cash flow for their owners through their productive use. This is similar to financial assets, which are also expected to generate future cash flows for their owners, but are not physical in nature.

A(n) ________ Such as Plant or Equipment Purchased by a Business