Of the following which istrue about assets?
A) Assets include physical and intangible assets.
B) Assets include only physical assets.
C) Assets are owned solely by the owner of the company.
D) Assets are the result of selling products or services to customers.

Question

Quizplus · Accepted Answer

Assets can include both physical entities like property, equipment, and inventory, as well as intangible assets like patents, copyrights, and goodwill. It is not necessary for assets to be owned solely by the owner of the company, as they can be owned jointly with other parties or acquired through leasing agreements. Additionally, assets are not necessarily the result of selling products or services to customers, as they can also be acquired through investment or other means.

Of the Following Which Istrue About Assets