Financial Assets (A. )Briefly Explain What Is Meant by the Term "Financial

question 70

Essay

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.

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Definitions:

Radio Frequency Identification

A technology using radio waves to identify and track objects, animals, or people by means of tags attached to them.

Franchise System

A franchise system is a business model that allows individuals to own and operate a branch of a larger company, using its brand, trademark, and products.

Contractual System

A formalized system based on legal contracts that define relationships and obligations among parties, often used in franchising and vertical marketing systems.

Franchise System

A business model where a brand allows individuals to operate stores or sell products under its name, following specified rules and sharing profits.