Financial assets do not include:
A) cash.
B) notes receivable.
C) an equity instrument of another entity.
D) inventories.

Name: Financial assets do not include: A) cash. B) notes receivable. C) an equity instrument of another entity. D) inventories.
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Question

Quizplus · Accepted Answer

Financial assets are assets that hold value and can be easily converted into cash. Inventories, on the other hand, are goods that are being held for sale and are not financial assets.

Financial Assets Do Not Include