Under the Corporations Act a company's assets are to be classified according to their nature or function.Which of the following classifications would not be used for assets?

Question

Quizplus · Accepted Answer

"Source" is not a classification used for assets under the Corporations Act. The other options - liquidity, marketability, and physical characteristics - are commonly used to classify assets based on their properties or attributes.

Under the Corporations Act a Company's Assets Are to Be