The values of the various items the corporation owns are referred to as
A)liabilities.
B)owner's equity.
C)debt-equity ratio.
D)assets.
E)cost of goods.

Question

Quizplus · Accepted Answer

The values of the various items the corporation owns are referred to as assets. Assets are resources owned by a company that have economic value and are expected to provide future benefit to the company. Examples of assets include cash, accounts receivable, inventory, property, plant, and equipment.

The Values of the Various Items the Corporation Owns Are