Make It Your Own, a craft store, displays various types of paper, stickers, glue sticks, yarn, canvases, paints, and other craft supplies on shelves. These items are examples of the company's
A) equity.
B) liabilities.
C) assets.
D) profits.
E) features.

Question

Quizplus · Accepted Answer

These items are the company's assets, which are its economic resources, or items of value that it owns. Assets include cash, inventory, land, equipment, buildings, and other tangible and intangible things.

Make It Your Own, a Craft Store, Displays Various Types