Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 5Q
Related questions
Question
Define Non-monetary assets and liabilities
Expert Solution
Step 1
Non-monetary asset
Assets value which changes with the change in economic as well as the market conditions Such assets are non-monetary assets. it can not be converted easily in terms of monetary value i.e cash. It is generally reflected as Intangible & non-current assets head in the financial statement i.e balance sheet.
Some examples are:
- Goodwill
- Copyrights
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