Which of the Following Items Is Not a Financial Instrument

question 24

True/False

Which of the following items is not a financial instrument?
A. Cash
B. Derivative instrument that is unfavourable to the entity
C. Goodwill
D. Trade accounts receivable
E. None of the given answers

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Definitions:

Financial Management

The strategic planning, controlling, organizing, and monitoring financial resources to achieve an organization's goals and objectives.

Current Value

The present worth of an asset or company based on market prices, as opposed to historical cost or book value; often used in gauging financial performance.

Existing Stock

The shares that are currently issued and outstanding in the market, referring to the stock previously sold to and held by the shareholders.