The CICA PSA Handbook defines a public sector entity's ________________ as assets that could be used to discharge existing liabilities or finance future operations and are not for consumption in the normal course of operations.
A)current assets
B)non-financial assets
C)financial assets
D)tangible capital assets.

Question

Quizplus · Accepted Answer

Financial assets are defined as assets that can be used to discharge liabilities or finance future operations, and are not intended for consumption in the normal course of operations.

The CICA PSA Handbook Defines a Public Sector Entity's ________________