Asset

Any item of Economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are Cash, securities, Accounts receivable, inventory, office equipment, a House, a Car, and other Property. On a Balance sheet, assets are equal to the sum of liabilities, common stock, Preferred stock, and Retained earnings.

Related Terms: 17 Account, Accounts receivable, Asset, Balance, Cash, Car, Economic value, ECU, ECI, Economic, House, Own, Preferred stock, Property, Retained earnings, Ratio, SEC

Other Related Pages: Category: Real_Estate Starting With: A

Additional Related Terms: 10-Q, 10-K, 19c3 stock, Account, Accounts receivable, Accounts receivable aging, Accounts receivable turnover, Account statement, Active asset, Adjusted balance method