Identify the correct definition of an asset. Multiple choice question. An asset is an amount owed to a creditor. An asset is a r

Question

Sergeeva-Olga [200]

2 years ago

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Identify the correct definition of an asset. Multiple choice question. An asset is an amount owed to a creditor. An asset is a r

esource that a business owns or controls. An asset refers to the claims of a business's owners.

Business

1 answer:

Genrish500 [490] · Answer 1 · 2023-04-17T18:07:17+03:00

The correct definition of an asset is B. An asset is a resource that a business owns or controls.

<h3>What is an Asset?</h3>

This refers to the commodity that a person owns that generates money over a period of time.

Hence, we can see that from the given answer choices, there are different definitions, but the correct definition is found in option A because it states that it is a resource that a business owns or controls.