A financial asset includes all of the following EXCEPT:
A)Cash.
B)A contractual right to receive cash or another financial asset from another company.
C)A contractual right to exchange financial instruments under conditions that are potentially favourable.
D)All of the above are financial assets

Question

Quizplus · Accepted Answer

All of the options listed (cash, contractual rights to receive cash or other financial assets, and contractual rights to exchange financial instruments) are examples of financial assets. Therefore, the correct answer is D, all of the above.

A Financial Asset Includes All of the Following EXCEPT