Assets That Have a Physical Subsistence and Are Expected to Provide

question 16

Multiple Choice

Assets that have a physical subsistence and are expected to provide future benefits are known as:

• A) current assets.
• B) tangible assets.
• C) intangible assets.
• D) cash.

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Definitions:

Real Property

Refers to land and anything permanently attached to the land, like buildings and structures.

Stock Investments

The act of putting money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit, particularly through the purchase of equity securities in companies.

Tangible

Capable of being touched or felt; having physical substance.

Intangible Personal Property

Non-physical assets owned by an individual or a business, such as intellectual property, stocks, or bonds.