Of the following, which is true about assets? a. Assets are not increased as a result of selling products or services to customers. b. Assets include only physical items. c. Assets include both physical and intangible items. d. Assets are the personal property of the stockholders of the company.

The correct answer is C

Explanation:

Assets is the term which is defined as the resources that are owned through the company and that resource have the future economic value, that could be evaluated and expressed in dollars.

The example of assets involve the vehicles, investment, cash, inventory, buildings, supplies, land, accounts receivable, which is categorized as physical assets.

And the example of assets involve patent, copyrights, trademarks and goodwill, which is categorized as intangible assets.

Therefore, the statement which is true regarding assets is that the assets involve both intangible as well as physical assets.

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