Which of the Following Best Describes the Term "Assets

question 35

Multiple Choice

Which of the following best describes the term "assets"?

• A)The amount of total profits earned by a business since it began operations
• B)The amount of interest or claim that the owners have in the business
• C)The economic resources of a business entity
• D)The cumulative profits earned by a business less any dividends distributed

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Definitions:

Borrowers

Individuals or entities that receive funds from a lender under the condition of repaying it over time, usually with interest.

Assets

Resources owned by an individual, company, or country, valued for their ability to generate revenue, reduce expenses, or provide value in the future.

Net Worth

The total value of an individual's or entity's assets minus liabilities; a measure of financial health.

Liabilities

Financial obligations or debts owed by a company or an individual.