The assets of a company:
A)must equal the liabilities of the company.
B)include property,plant,and equipment and accounts payable.
C)represent economic resources that are expected to produce a future benefit.
D)include short-term investments and notes payable.

Question

Quizplus · Accepted Answer

The assets of a company represent economic resources that are expected to produce a future benefit. This includes property, plant, and equipment as well as other tangible and intangible assets. Liabilities, on the other hand, are the obligations that a company owes to others, such as accounts payable and notes payable. While assets and liabilities are related, they do not necessarily have to equal each other.

The Assets of a Company