Which of the following best describes an asset?

An asset is best described as a resource owned that has economic value because assets represent tangible or intangible items that can be owned or controlled to produce future economic benefits. This value can come in various forms, such as cash, real estate, equipment, or intellectual property. Assets are essential to a company's operations and contribute to its ability to generate revenue.

The other options do not define an asset accurately. A debt obligation of a company describes liabilities rather than assets, as liabilities represent what the company owes to others. An income-producing opportunity could refer to various financial activities or investments but does not capture the essence of an asset's definition. A financial statement summarizing revenues pertains to income statements but does not represent ownership or value in the way that assets do. Thus, the definition that frames an asset as a resource owned with economic value is the most accurate representation.