Financial Assets Have All of the Following Characteristics Except

question 78

Multiple Choice

Financial assets have all of the following characteristics except

• A)They include receivables and investments.
• B)They are frequently purchased for investment purposes.
• C)They have a contractual right to receive cash.
• D)They are normally difficult to measure.

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Definitions:

Information

Data that has been processed, organized, or structured in a way that adds to its meaning or usefulness for decision-making.

Incentive

A factor, either monetary or non-monetary, that motivates individuals or organizations to act in a certain way or pursue particular objectives.

Artist

An individual who creates, practices, or demonstrates an art form, particularly in the visual, auditory, or performing disciplines, expressing creativity and skill.

Gallery

A room or building where art is displayed and sold, or a space for presenting other types of collections.