The economic resources of a business such as furniture, building, and land are its:
A)liabilities.
B)revenues.
C)assets.
D)withdrawals.

Question

Quizplus · Accepted Answer

Economic resources such as furniture, building, and land are considered assets because they have a monetary value and are owned by the business. Liabilities are debts owed by the business, revenues are income earned by the business, and withdrawals are funds taken out of the business by the owner(s).

The Economic Resources of a Business Such as Furniture, Building