The common characteristic shared by all assets is:
A)their tangible nature.
B)their long life.
C)their great monetary value.
D)their expected future economic benefits.

Question

Quizplus · Accepted Answer

The expected future economic benefits is the common characteristic shared by all assets, regardless of whether they are tangible or intangible, have a long or short life, or have great or small monetary value.

The Common Characteristic Shared by All Assets Is