The assets of a company represent:
A)Amounts owed to creditors.
B)Sales of goods or services to customers.
C)Resources that will be used to benefit the company.

Question

Quizplus · Accepted Answer

Assets represent resources (tangible or intangible) that a company owns or controls, which have the potential to provide future economic benefits. These resources can be used to benefit the company through various ways such as generating revenue, reducing expenses or creating efficiencies in operations. Amounts owed to creditors are liabilities, while sales of goods or services to customers are revenue.

The Assets of a Company Represent