Resources owned or controlled by a company that are expected to yield benefits are:
A)Assets
B)Revenues
C)Liabilities
D)Stockholder's equity
E)Expenses

Question

Quizplus · Accepted Answer

Assets are resources that are expected to yield benefits to a company, such as property, equipment, and inventory. Revenues are the income generated from the company's business activities, liabilities are the debts and obligations owed by the company, stockholder's equity is the residual interest in the assets of the company after deducting liabilities, and expenses are the costs incurred in the process of generating revenue.

Resources Owned or Controlled by a Company That Are Expected