Which of the following is a financial asset?Answer : Machinery  Intangible assets   Loan receivable  Prepayments

Question

Which of the following is a financial asset?Answer : Machinery  Intangible assets   Loan receivable  Prepayments
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

The financial asset among the options provided is the "Loan receivable".

Here's why:

  1. Machinery: This is a physical asset, not a financial one. It's a tangible item that a company uses in its operations.

  2. Intangible assets: These are non-physical assets, such as patents, copyrights, and trad Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

This problem has been solved

Similar Questions

Which of the following is a financial asset?Answer : Machinery  Intangible assets   Loan receivable  Prepayments

Which of the following is not an intangible asset arising from a government grant?Group of answer choicesGoodwillPatentTrademarkTrade name

Under IFRS, which of the following is classified as an intangible asset?a.Buildingsb.Landc.Goodwilld.InventoryClear my choice

An asset, other than financial assets, that has no physical substance is called a(n) asset. (Enter only one word.)

If an intangible asset has an (limited/indefinite) life, it is recorded as an intangible asset, but is not amortized.

1/3