Resources owned by a businessA) accounts payableB) assetsC) corporationD) costE) economic entity assumptionF) liabilitiesG) market valueH) monetary unit assumptionI) note payableJ) (paid-in) capitalK) partnershipL) proprietorshipM) retained earningsN) stockholders' equity

Question

​Resources owned by a businessA) accounts payableB) ​assetsC) ​corporationD) ​costE) ​economic entity assumptionF) ​liabilitiesG) ​market valueH) ​monetary unit assumptionI) ​note payableJ) ​(paid-in) capitalK) ​partnershipL) ​proprietorshipM) ​retained earningsN) stockholders' equity

Rachel Hartfield · Accepted Answer

Final Answer : B, Explanation :  Assets are resources owned by a business, such as cash, inventory, buildings, and equipment.

Resources owned by a business

A) accounts payable
B) assets
C) corporation
D) cost
E) economic entity assumption
F) liabilities
G) market value
H) monetary unit assumption
I) note payable
J) (paid-in) capital
K) partnership
L) proprietorship
M) retained earnings
N) stockholders' equity

Definitions

Learning Objectives

Learning Objectives

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