Non-monetary assets include
A) accounts and notes receivable and inventory.
B) accounts receivable and property, plant and equipment.
C) inventory, property, plant and equipment, and intangibles.
D) accounts receivable and investments.

Question

Quizplus · Accepted Answer

Non-monetary assets refer to assets that cannot be easily converted into cash. These include inventory, property, plant and equipment, and intangible assets such as patents and trademarks. Choice A includes accounts and notes receivable, which are monetary assets. Choice B includes property, plant and equipment but not inventory or intangible assets. Choice D includes investments, but not inventory or property, plant and equipment. Therefore, choice C is the best answer as it includes all the non-monetary assets listed.

Non-Monetary Assets Include