Which of the Following Is a Financial Asset

question 6

Multiple Choice

Which of the following is a financial asset?

• A)Tangible capital asset
• B)Prepaid expense
• C)Supplies inventory
• D)Loan to another government

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Definitions:

Planning Budget

A budget created at the beginning of a budgeting period, based on projected values and assumptions for that period.

Budgeting Formulas

The set of calculations used to estimate future income, expenses, and capital needs for a business or individual.

Administrative Expenses

Administrative expenses are the costs related to the general operation of a business, including salaries of non-production staff, office supplies, and utilities.

Tenant-Days

A metric used in real estate or lodging industries, calculated by multiplying the number of tenants by the number of days they occupied a space.