Respuesta :
The Neumann Corporation makes purchases of supplies for the upcoming quarter. The supplies should be recorded as assets at the time of purchase.
An asset is a resource with economic value that a person, company, or nation owns or controls with the expectation that it will one day be useful. Assets are listed on a company's balance sheet. They are purchased or created in an effort to increase a company's value or enhance its operations.
An asset is something that has value in both the present and the future. A piece of equipment, a financial security, or a patent are examples of assets that frequently generate cash flows in the future. Examples include buildings, vehicles, money, works of art, and household items.
Learn more about asset, here
https://brainly.com/question/25746199
#SPJ4
