Resources That Are Expected to Yield Future Benefits Are

question 84

Multiple Choice

Resources that are expected to yield future benefits are:

• A) Assets.
• B) Revenues.
• C) Liabilities.
• D) Owner's Equity.
• E) Expenses.

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Definitions:

Open-Source Software

Software with source code that anyone can inspect, modify, and enhance freely.

No Cost

Refers to situations where there is no financial charge or fee required to obtain a good or service.

Director

A high-level position in organizations responsible for making major business decisions and overseeing company operations.

Systems Software

The collection of software that manages the resources of a computer and provides a platform for running application software, including operating systems and utilities.