_____ are economic resources with the potential to provide future economic benefits to a firm.
A)Revenues
B)Expenses
C)Liabilities
D)Assets
E)Shareholder Equity

Question

Quizplus · Accepted Answer

Assets are economic resources with the potential to provide future economic benefits to a firm. Revenues are the inflows of economic resources resulting from the sale of goods or services, expenses are the outflows of economic resources incurred in generating revenues, liabilities are obligations to transfer economic resources in the future, and shareholder equity represents the residual interest in the assets of a firm after deducting liabilities.

_____ Are Economic Resources with the Potential to Provide Future