Classify each of the following items into one of the seven categories of financial assets relevant for financial reporting purposes.Select the category that best suits the situation given.
Definitions:
Insider Trading
The illegal practice of trading a public company's stock or other securities based on material, non-public information about the company.
Prospects
Potential customers or clients, or the likelihood of future success in a particular area.
Administrative Agencies
Governmental bodies responsible for the oversight and administration of specific functions, such as regulation or enforcement of laws and public policies.
Criminal Laws
Laws that define behaviors prohibited by the state because they threaten, harm, or otherwise endanger the safety and welfare of the public.
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