Podcast
Questions and Answers
Financial instruments include liabilities as well as assets.
Financial instruments include liabilities as well as assets.
False (B)
True or false: Financial instruments are limited to assets only.
True or false: Financial instruments are limited to assets only.
True (A)
Financial instruments do not include liabilities.
Financial instruments do not include liabilities.
True (A)
True or false: All assets are considered financial assets?
True or false: All assets are considered financial assets?
True or false: Financial assets include both tangible and intangible assets?
True or false: Financial assets include both tangible and intangible assets?
True or false: Non-financial assets are not considered as financial assets?
True or false: Non-financial assets are not considered as financial assets?
Flashcards
Are financial instruments assets only?
Are financial instruments assets only?
Financial instruments include both assets and liabilities.
Are all assets financial assets?
Are all assets financial assets?
Not all assets are financial assets. Financial assets represent ownership or a claim on something.
What are financial assets?
What are financial assets?
Financial assets represent ownership or a claim on something else.
What are non-financial assets?
What are non-financial assets?
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Financial instruments include liabilities?
Financial instruments include liabilities?
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Are all financial assets both tangible and intangible?
Are all financial assets both tangible and intangible?
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Study Notes
Financial Instruments
- Financial instruments encompass both liabilities and assets.
- Financial instruments are not limited to assets only, but also include liabilities.
- Not all assets are considered financial assets, as there are non-financial assets as well.
- Financial assets are limited to intangible assets, and do not include tangible assets.
- Non-financial assets are not considered as financial assets.
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