Financial assets include all of the following except:
A)Cash.
B)Marketable securities.
C)Inventories.
D)Accounts receivable.

Name: Financial assets include all of the following except: A)Cash. B)Marketable securities. C)Inventories. D)Accounts receivable.
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Question

Quizplus · Accepted Answer

Financial assets are assets that represent ownership of value, whereas inventories represent tangible goods held for sale. Therefore, inventories do not qualify as financial assets.

Financial Assets Include All of the Following Except