Examveda
Examveda

An asset possesses which of the following?

A. Future economic benefits for the business

B. All kinds of benefits for the business

C. Expenses for the business

D. Merits & Demerits for the business

Answer: Option A

Solution(By Examveda Team)

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.

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