1 answer

Which of the following statements is the best definition of an asset? O Assets are resources...

Question:

Which of the following statements is the best definition of an asset? O Assets are resources owned or controlled by a company
Which of the following statements is the best definition of an asset? O Assets are resources owned or controlled by a company and that have expected future benefits. O Assets are claims against the company. O Assets are the distributions to the owners of a company. O Assets represent the owner's claims against a company

Answers

Assets are the resources which can be used by the company in its operations presently as well as in future course of business

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