Prepayments are:
A. Not financial instruments because they typically provide a right to future goods or services.
B. Financial instruments because they typically provide a right to future goods or services.
C. Not financial instruments because they typically provide a right to cash or another financial instrument.
D. Financial instruments because they typically provide a right to future goods or services
E. Financial instruments as they are monetary assets.

Question

Quizplus · Accepted Answer

The Answer of Prepayments are:
A. Not financial instruments because they typically provide a right to future goods or services.
B. Financial instruments because they typically provide a right to future goods or services.
C. Not financial instruments because they typically provide a right to cash or another financial instrument.
D. Financial instruments because they typically provide a right to future goods or services
E. Financial instruments as they are monetary assets.

Prepayments Are: A. Not Financial Instruments Because They Typically Provide a Right