Which of the following is a common classification of assets?
A) Nature of the asset
B) Source of the asset
C) Liquidity of the asset
D) All of the above are common classifications

Question

Quizplus · Accepted Answer

Assets are commonly classified based on their nature (e.g., tangible or intangible), source (e.g., internally generated or acquired), and liquidity (e.g., current or non-current), making all the options correct classifications.

Which of the Following Is a Common Classification of Assets