Financial assets have all of the following characteristics except
A)They include receivables and investments.
B)They are frequently purchased for investment purposes.
C)They have a contractual right to receive cash.
D)They are normally difficult to measure.

Question

Quizplus · Accepted Answer

Financial assets are not normally difficult to measure, they are often easily quantifiable and can be valued based on market prices, interest rates, or other objective criteria.

Financial Assets Have All of the Following Characteristics Except