Question

An _____________ is a probable economic benefit obtained or controlled by a particular entity as a result of past transactions or events.

Answer 1

Answer:

The correct answer to the following question will be "Assets".

Explanation:

A corporate asset is a valuable object privately owned. Business assets cover a lot of categories. These may be actual, tangible assets, such as automobiles, property development, devices, office equipment, and other items, or abstract goods, such as patents.

An asset is a potential environmental benefit earned or regulated by a specific entity as a result of previous purchases or occurrences.

Therefore, Assets are the right answer.