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

Resources owned or controlled by a company that are expected to yield benefits are referred to as assets. Examples of assets include cash, inventory, property, and equipment. Revenues are actually the money earned by the company, whereas liabilities are the money that the company owes to others. Stockholder's equity represents the amount of money that the company owes to its shareholders. Expenses are the costs incurred by the company in the process of earning revenue.

Resources Owned or Controlled by a Company That Are Expected