Financial Assets Include All of the Following Except

question 48

Multiple Choice

Financial assets include all of the following except:

• A) excess cash
• B) short term investments
• C) intangible assets
• D) long-term investments

---

Definitions:

Negotiates

The process by which parties come together to try and reach an agreement on a matter, often involving discussion and compromise.

Fictitious Payee Rule

A legal principle that holds a drawer of a check responsible when funds are obtained by fraud, if the drawer fails to exercise caution in issuing the check.

Immediate Loss

Financial damage or cost incurred directly as a result of an event, action, or decision, without any delay.

Forged Instruments

Documents that are illegally altered or created to deceive or commit fraud.