Q38
An asset possesses which of the following?
A.
Future economic benefits for the business
AnswerB.
All kinds of benefits for the business
C.
Expenses for the business
D.
Merits & Demerits for the business
Answer: Option A
Solution
Answer: Option A
Solution:
An asset possesses future economic benefits for the business. An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide a future benefit.