Resources owned by a company such as cash, buildings, machinery are referred to .

liabilities

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assets

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goods

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equity

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Solution

The correct option is B assets
Resources owned by a company such as cash, buildings, machinery are referred to as assets as the company gets future economic benefits and these can be measured in terms of money.

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Similar questions

Resources owned by a company (such as cash, accounts receivable, vehicles) are referred to as:

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment is called ________.

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