Which of the Following Statements Is True About Assets

question 185

Multiple Choice

Which of the following statements is true about assets?

• A) They are the properties or economic resources owned by the business.
• B) They are available to provide future benefits to the business.
• C) They can be intangible rights.
• D) Ownership is shared between creditors and owners.
• E) All of these

---

Definitions:

Ethnic Identity

An individual's sense of belonging to a particular ethnic group, including aspects like heritage, culture, language, and common ancestry.

Panethnicity

A sense of solidarity among ethnic groups with a common geographical origin or cultural heritage, transcending specific ethnic distinctions.

Latino/Latina

Refers to individuals of Latin American origin or descent, used especially in the United States to denote a person of this ancestry.

Native American

Indigenous peoples of the Americas, comprising numerous tribes, nations, and ethnic groups, each with their own diverse cultures, languages, and histories.