Examples of assets are:
A) cash and accounts receivable.
B) cash and revenue.
C) cash and rent expense.
D) investments by the owner and revenue.

Question

Quizplus · Accepted Answer

Cash and accounts receivable are examples of assets because they represent resources that are owned by a company and have monetary value. Cash is readily usable for immediate transactions, while accounts receivable represent money owed to the company by customers who have not yet paid for products or services. Revenue, investments by the owner, and rent expense are not assets, as they either represent income or expenses rather than physical resources.

Examples of Assets Are