Financial assets include all of the following except:
A) excess cash
B) short term investments
C) intangible assets
D) long-term investments

Question

Quizplus · Accepted Answer

Financial assets are assets that have monetary value and can be easily converted into cash. Excess cash, short-term investments, and long-term investments are all examples of financial assets. Intangible assets, however, are not considered financial assets because they are not physical assets and do not have a clear monetary value (e.g. goodwill, patents, trademarks).

Financial Assets Include All of the Following Except