Which of the Following Is an Example of a Tangible

question 74

Multiple Choice

Which of the following is an example of a tangible asset.

• A) Bonds
• B) mutual funds
• C) real estate
• D) stocks

---

Definitions:

Current Asset

A current asset is a resource owned by a company that is expected to be converted into cash, used, or consumed within one year or within the operating cycle of the business.

Balance Sheet

The balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time, showing assets, liabilities, and shareholders' equity.

Inventory

The cumulative inventory of materials and products that a business maintains for the goal of selling or using in production.

Falling Prices

A situation where the general level of prices for goods and services is declining.