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Financial assets
(a. )Briefly explain what is meant by the term "financial assets."
(b. )List the three major categories of assets comprising a company's financial assets.For each category,indicate the basis for valuation in the balance sheet.
Continuity
The unbroken and consistent existence or operation of something over a period of time.
Ethnic Minority
A group within a community which differs from the majority in racial, national, cultural, or religious characteristics.
Socioeconomic Status
A social standing or class of an individual or group often measured by education, income, and occupation.
Immigrants
Individuals who move from their country of origin to a new country to live permanently.
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