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A firm that places its assets in the custody of a board of trustees is called:d.all of the above.
In monetary accounting, an asset is any resource owned or managed with the aid of a commercial enterprise or a financial entity. it's miles anything that may be used to produce wonderful economic price. property constitutes a fee of ownership that can be transformed into cash.
The property includes physical objects which include machinery, assets, uncooked materials, and inventory, and intangible objects like patents, royalties, and other highbrow belongings. An asset is a useful resource with the financial cost that an individual, organization, or united states own or controls with the expectancy that it will offer a destiny gain. assets are stated on an enterprise's stability sheet. they are categorized as current, constant, monetary, and intangible.
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