Question: Assets are correctly defined as _ _ _ _ _ . Select an answer: items that will probably provide a future benefit to the company

Assets are correctly defined as _____.
Select an answer:
items that will probably provide a future benefit to the company as a result of a past transaction
items that are purchased on an ongoing basis by a company
items listed in the accounting equation as embodied in a company's balance sheet
items that are obligations to repay money or to provide a service in the future

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