Of the Following,which Is True About Assets

question 74

Multiple Choice

Of the following,which is true about assets?

• A) Assets include both physical and intangible items.
• B) Assets include only physical items.
• C) Assets are the personal property of the stockholders of the company.
• D) Assets are the result of selling products or services to customers.

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Definitions:

Concrete

Pertaining to actual things or instances, rather than abstract qualities, ideas, or theories.

Visible Object

An entity or item that can be seen or perceived visually by the human eye.

Touchable Object

An object that can be perceived or interacted with through the sense of touch.

Abstractness

A quality of being non-concrete or theoretical, representing ideas or concepts rather than physical realities.