Which Is an Example of Tangible Personal Property

question 22

Multiple Choice

Which is an example of tangible personal property?

• A)Stamp collection
• B)Cash
• C)Trademark
• D)Government bond

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Definitions:

Equity Instrument

Any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities.

Derivative Instrument

A financial contract whose value is derived from the value of an underlying asset, index, or rate.

Liabilities

Financial obligations of a business, including money owed to creditors or suppliers.

Financial Instrument

Any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.