Assets are equal to:
A)liabilities + owner's equity.
B)liabilities - owner's equity.
C)liabilities - revenues.
D)revenues + liabilities.

Question

Quizplus · Accepted Answer

Assets represent the value of a company's resources that can be used to generate future revenues. This value can be attributed to either the owner's equity or the liabilities of the company. Therefore, the sum of liabilities and owner's equity equals the total assets of the company.

Assets Are Equal To