For Each of the Following Assets,provide a Description and State

question 197

Essay

For each of the following assets,provide a description and state the related expense.
$$\begin{array} { | l | l | l | } \hline \text { Asset } & \text { Description } & \text { Related Expense } \\\hline \text { Plant Asset } & & \\\hline \text { Natural Resource } & & \\\hline \text { Intangible Asset } & & \\\hline\end{array}$$

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Definitions:

Retained Earnings

Profits that a company has kept or retained rather than paid out as dividends to shareholders.

Dividends

Payments made by a corporation to its shareholder members, typically from profits earned.

Revenues

The total amount of money received by the company for goods sold or services provided during a certain period.

Total Assets

The sum of all assets owned by a company, as reported on the balance sheet, representing the resources controlled by the company.