Which of the Following Defines Assets

question 78

Multiple Choice

Which of the following defines assets?

• A) Probable future economic benefits owned by an entity as a result of future transactions.
• B) Probable future economic benefits owned by an entity as a result of past transactions.
• C) Possible future economic benefits owed by an entity as a result of past transactions.
• D) Possible future economic benefits owed by an entity as a result of future transactions.

---

Definitions:

Job Applicant

An individual who applies for a position of employment in a company or organization.

Effective Letter

A written communication that clearly conveys its intended message and achieves its purpose with the recipient.

Termination Letters

Written notifications from an employer to an employee stating the end of the employee's job within the company.

Controversial

Something that gives rise to public disagreement or debate.