Answered: The resources of value owned by a…

The resources of value owned by a business are called _____________. Group of answer choices economic resources revenues assets economic activities

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The resources of value owned by a business are called _____________.

Group of answer choices

economic resources

revenues

assets

economic activities

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In the REA data modeling technique, the identifiable objects that have economic value to the organization are called: a. assets. b. resources. c. entities. d. objects.