Properties or Economic Resources Owned by a Business, Also Described

question 159

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

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Definitions:

Princess Yongtai

A Tang Dynasty princess known for her tragic early death, her tomb is celebrated for its beautifully preserved mural paintings.

Six Dynasties

A period in Chinese history (220–589 CE) known for its fragmentation into six successive dynasties in the south, coexisting with the Northern dynasties.

Unified Sillan

Refers to the period or condition of unification in the history of the Silla dynasty in Korea.

Shakyamuni Buddha

The historical founder of Buddhism, Siddhartha Gautama, who attained enlightenment and is known as the Buddha.