The Following Asset Is Not Considered a Financial Asset Under

question 196

Multiple Choice

The following asset is not considered a financial asset under both GAAP and IFRS

• A) inventories.
• B) held-for-collection securities.
• C) equity securities.
• D) trading securities.

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Definitions:

Evidence-based Decisions

Decision-making processes that are grounded in the careful analysis of data and information to guide outcomes.

Leadership Potential

The capacity or ability of an individual to assume leadership roles and successfully guide others towards achieving goals.

Training and Development

Organizational activities aimed at enhancing the knowledge, skills, and competencies of employees.

HRM Functions

The various activities and responsibilities of the Human Resource Management department, such as recruiting, training, and employee benefits management.