Asked by Abdullah Hantuli on Jun 19, 2024
Verified
Resources owned by a corporation are referred to as
A) shareholders' equity.
B) liabilities.
C) assets.
D) revenues.
Resources
Assets or items of value owned by a company or individual, which can be used to produce goods, provide services, or generate income.
Corporation
A legal entity recognized by law that is separate from its owners, with the ability to own assets, incur liabilities, and sell shares to investors.
Assets
Resources owned or controlled by a business, expected to produce economic value or benefits in the future.
- Identify the qualities and assessment of assets' valuation.
Verified Answer
Learning Objectives
- Identify the qualities and assessment of assets' valuation.
Related questions
A Parcel of Land Is Offered for Sale at $600,000 ...
Lenders Compare Their Cash Flow Projections for a Company to ...
The Cost of Capital,expressed in Dollars,reflects the Level of Earnings ...
Investments in Associates Are Reported as Current Assets on the ...
Cash and Other Assets That May Reasonably Be Expected to ...