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Key Takeaways
- 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.
- Assets are reported on a company's balance sheet.
- They are bought or created to increase a firm's value or benefit the firm's operations.
www.investopedia.com/terms/a/asset.asp- People also ask
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WEBJul 7, 2022 · Assets are resources a business either owns or controls that are expected to result in future economic value. Liabilities are what a company owes to others—for example, outstanding bills to suppliers, …
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WEBJan 31, 2024 · The term balance sheet refers to a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time. Balance...
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