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Questions and Answers
Which category of assets can be easily converted into cash?
Which category of assets can be easily converted into cash?
- Physical assets
- Tangible assets
- Financial assets (correct)
- Real assets
What do real assets include?
What do real assets include?
- Stocks and bonds
- Physical possessions
- Cash and savings accounts
- Land and building (correct)
What do financial assets represent on a balance sheet?
What do financial assets represent on a balance sheet?
- Total revenue of a business
- Total liabilities of a business
- Total expenses of a business
- Total worth of a business (correct)
