A physical asset such as a high-definition,flat-screen TV or a Harley Davidson motorcycle is called a(n)
A)financial asset.
B)liability.
C)tangible asset.
D)investment.

Question

Quizplus · Accepted Answer

A physical asset like a high-definition flat-screen TV or a Harley Davidson motorcycle is a tangible asset since it is something that can be touched and felt. Financial assets include stocks, bonds, and mutual funds. A liability is a debt or obligation that an individual or organization owes to someone else. An investment refers to the purchase of an asset with the expectation of generating income or appreciation in value.

A Physical Asset Such as a High-Definition,flat-Screen TV or a Harley