Asked by Sharion Dielle on Apr 28, 2024
Verified
A(n) _______ is anything of value owned or leased by a business.
A) owners' equity
B) asset
C) liability
D) accounts payable
Asset
Anything of value owned by a company.
Business
All profit-seeking activities and enterprises that provide goods and services necessary to an economic system.
- Familiarize yourself with the primary aspects of assets, liabilities, and equity.
Verified Answer
VM
Viknes MunusamyApr 30, 2024
Final Answer :
B
Explanation :
An asset is anything of value that is owned or leased by a business. This includes cash, property, equipment, and inventory, among other items.
Learning Objectives
- Familiarize yourself with the primary aspects of assets, liabilities, and equity.