Shares in Telecom would most accurately be classified on the Balance Sheet under:
A)Current assets
B)Financial assets (investments)
C)Intangible assets
D)Non-current assets

Name: Shares in Telecom would most accurately be classified on the Balance Sheet under: A)Current assets B)Financial assets (investments) C)Intangible assets D)Non-current assets
Brand: Quizplus
Rating: 4.8 (27 reviews)

Question

Quizplus · Accepted Answer

Shares in Telecom are classified as financial assets (investments) on the balance sheet because they represent an investment in another company.

Shares in Telecom Would Most Accurately Be Classified on the Balance