A(n) ________ such as plant or equipment purchased by a business entity shares at least one characteristic with a financial asset: Both are expected to generate future cash flow for their owner.
A. tangible asset
B. intangible asset
C. balance sheet asset
D. cash asset
Answer:A
A(n) ________ such as plant or equipment purchased by a business entity shares at least one characteristic with a financial asset: Both are expected to generate future cash flow for their owner.
A. tangible asset B. intangible asset C. balance sheet asset D. cash asset