Resources that a firm owns are called
A) revenue.
B) liabilities.
C) owners' equity.
D) assets.
E) expenses.

Name: Resources that a firm owns are called A) revenue. B) liabilities. C) owners' equity. D) assets. E) expenses.
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Question

Quizplus · Accepted Answer

Resources that a firm owns are called assets. Liabilities are what a company owes to others, owner's equity is the residual interest in the assets of a company after deducting liabilities, and revenue and expenses are a company's income and expenses, respectively.

Resources That a Firm Owns Are Called