Identify the correct definition of an asset. Multiple choice question. An asset is an amount owed to a creditor. An asset is a resource that a business owns or controls. An asset refers to the claims of a business's owners.

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28-06-2022
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Identify the correct definition of an asset. Multiple choice question. An asset is an amount owed to a creditor. An asset is a resource that a business owns or controls. An asset refers to the claims of a business's owners.

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jayilych4real jayilych4real · Answer 1 · 2022-06-30T17:02:54+02:00

The correct definition of an asset is B. An asset is a resource that a business owns or controls.

What is an Asset?

This refers to the commodity that a person owns that generates money over a period of time.

Hence, we can see that from the given answer choices, there are different definitions, but the correct definition is found in option A because it states that it is a resource that a business owns or controls.