Which of the following may be an asset of a business enterprise?
A) retained profits
B) inventory
C) provision for warranty repairs
D) shareholders' equity.

Name: Which of the following may be an asset of a business enterprise? A) retained profits B) inventory C) provision for warranty repairs D) shareholders' equity.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

Inventory is considered an asset because it is a resource owned by the business that can be converted into cash through sales.

Which of the Following May Be an Asset of a Business