Which of the Following Best Describes Assets

question 71

Multiple Choice

Which of the following best describes assets?

• A)Resources with possible future economic benefits owed by an entity as a result of past transactions.
• B)Resources with probable future economic benefits owned by an entity as a result of past transactions.
• C)Resources with probable future economic benefits owned by an entity as a result of future transactions.
• D)Resources with possible future economic benefits owed by an entity as a result of future transactions.

---

Definitions:

Codominance

A genetic scenario where two alleles of a gene pair in a heterozygote are fully expressed, resulting in offspring with a phenotype that is neither dominant nor recessive.

Phenotypes

The observable physical or biochemical characteristics of an organism, determined by both genetic makeup and environmental influences.

Type O Blood

A blood type characterized by the absence of A and B antigens on the surface of red blood cells, making it universally compatible as a donor.

Type AB Blood

A blood type in the ABO blood group system that has both A and B antigens on the surface of the red blood cells and no antibodies in the plasma against either antigen.