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  3. Study Set
    Fundamental Accounting Principles Study Set 2
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    Exam 1: Accounting in Business
  5. Question
    Properties or Economic Resources Owned by a Business,also Described as Probable
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Properties or Economic Resources Owned by a Business,also Described as Probable

Question 51

Question 51

Multiple Choice

Properties or economic resources owned by a business,also described as probable future economic benefits,are called:


A) Assets.
B) Revenues.
C) Liabilities.
D) Equity.
E) Expenses.

Correct Answer:

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