Properties or economic resources owned by a business,also described as probable future economic benefits,are called:

Question

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Assets are economic resources owned or controlled by a business that are expected to provide future economic benefits, such as cash or property. Revenues are the income a company earns from its operations, while liabilities are debts or obligations owed by a business. Equity represents the value of a business, and expenses are the costs incurred by a company in order to generate revenue.

Properties or Economic Resources Owned by a Business,also Described as Probable