What is an asset?
A)Mortgage payable
B)An amount a company owes
C)A resource a company owns
D)None of these

Question

Quizplus · Accepted Answer

An asset is a resource that a company owns. Examples of assets include cash, inventory, property, and equipment. Assets are typically recorded on a company's balance sheet and are often used to generate revenue or provide value to the organization. Options A and B refer to liabilities, which are amounts a company owes to others. Option D is not the correct answer as it does not provide a valid response to the question.

What Is an Asset