Which of the following is the common characteristic possessed by all assets?
A)long life.
B)great financial value.
C)physical substance.
D)future economic benefits.

Question

Quizplus · Accepted Answer

The common characteristic possessed by all assets is future economic benefits. This means that assets have the potential to generate income or provide some other type of financial benefit to the owner in the future. Assets may have physical substance, long life, or great financial value, but these characteristics are not shared by all assets.

Which of the Following Is the Common Characteristic Possessed by All