Identify whether each of the following items is a financial asset:
$$\begin{array} { | l | l | }
\hline & \text { Financial asset? (Yes/No) } \
\hline \text { US dollars in petty cash } & \
\hline \text { Investment in 5-year bonds } & \
\hline \text { Investment in an option (derivative) } & \
\hline \text { Account receivable due in 30 days } & \
\hline \text { Investment in machinery } & \
\hline
\end{array}$$

Question

Identify whether each of the following items is a financial asset:
$$\begin{array} { | l | l | } 
\hline & \text { Financial asset? (Yes/No) } \
\hline \text { US dollars in petty cash } & \
\hline \text { Investment in 5-year bonds } & \
\hline \text { Investment in an option (derivative) } & \
\hline \text { Account receivable due in 30 days } & \
\hline \text { Investment in machinery } & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Identify whether each of the following items is a financial asset:
$$\begin{array} { | l | l | } 
\hline & \text { Financial asset? (Yes/No) } \
\hline \text { US dollars in petty cash } & \
\hline \text { Investment in 5-year bonds } & \
\hline \text { Investment in an option (derivative) } & \
\hline \text { Account receivable due in 30 days } & \
\hline \text { Investment in machinery } & \
\hline
\end{array}$$

Identify Whether Each of the Following Items Is a Financial