Anything owned by a firm that has value is called

Question

Quizplus · Accepted Answer

An asset is anything that is owned by a firm and has value, whether tangible or intangible. This includes items such as cash, inventory, property, and patents. Liabilities are debts or obligations owed by a firm, revenues are income earned through sales or services, equity is the value of a firm's ownership interest, and goodwill is an intangible asset representing the value of a firm's reputation or brand.

Anything Owned by a Firm That Has Value Is Called