Question

Which term refers to the tangible and

intangible resources of a business?
a. Liabilities
b. Net worth
c. Owner's equity
d. Assets

Answer 1

Assets refer to the tangible and intangible resources of a business. They are categorized as current or noncurrent and listed on a company's balance sheet.

Step-by-step explanation:

Assets

refers to the tangible and intangible resources of a business. In accounting, assets are categorized as either current or noncurrent. Current assets include cash, accounts receivable, and inventory, while noncurrent assets include property, plant, and equipment, as well as intangible assets like patents and trademarks. A company's assets are listed on its balance sheet and provide a measure of its financial strength and value.