Which of the Following Is an Asset

question 34

Multiple Choice

Which of the following is an asset?

• A)Service Revenue
• B)Bank Loan Payable
• C)Supplies Expense
• D)Prepaid Rent

---

Definitions:

Trade Fixtures

Personal property that a tenant installs on a leased property for business purposes, which can be removed at the lease's end.

Real Estate

Property consisting of land or buildings, and any natural resources or rights associated with it.

Business Activities

Actions or tasks performed by businesses that are intended toward the production of goods or services, financial gain, or organizational growth.

Firm Offer

In contract law, an offer that explicitly states it will remain open for a specified period of time, during which it cannot be revoked by the offeror.