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
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Question

Quizplus · Accepted Answer

Inventory is considered an asset because it represents goods that a business intends to sell for profit, reflecting a current economic resource owned or controlled by the enterprise.

Which of the Following May Be an Asset of a Business