Which of these is the best example of an asset? a. the necklace someone is wearing b. the electricity in a home c. the coffee someone drank this morning d. an old used airline ticket | Homework.Study.com (2024)

Question:

Which of these is the best example of an asset?

a. the necklace someone is wearing

b. the electricity in a home

c. the coffee someone drank this morning

d. an old used airline ticket

Assets:

In the context of economics, the articles having economic value may be categorized into assets, liabilities, or shareholders' equity on the balance sheet of a firm or an individual. The liabilities and shareholders' equity are sources of financing for the assets.

Answer and Explanation:1

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The correct answer is option na. the necklace someone is wearing .

An asset is an item that has a certain value and can be stored by an individual....

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Which of these is the best example of an asset?    a. the necklace someone is wearing  b. the electricity in a home  c. the coffee someone drank this morning  d. an old used airline ticket | Homework.Study.com (2024)
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