Practice mode Accounting

What is the key feature shared by all assets of a business?

Correct answer A. Future economic benefits

Explanation

An asset is a resource controlled by the entity from which future economic benefits are expected, so the capacity to provide future benefits is essential.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.