Which of the following is an example of a financial asset?
A)Prepaid expenses
B)accounts receivable
C)Inventory
D)Capital assets

Name: Which of the following is an example of a financial asset? A)Prepaid expenses B)accounts receivable C)Inventory D)Capital assets
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Question

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Accounts receivable is considered a financial asset because it represents a legal obligation for a customer to pay for goods or services that have been delivered or used but not yet paid for.

Which of the Following Is an Example of a Financial