Which of the following are real assets, and which are financial? A) A share of stock. B) A personal IOU. C) A trademark. D) A factory. E) Undeveloped land. F) The balance in the firm's checking account. G) An experienced and hardworking sales force. H) A corporate bond.

Which of the following are real assets, and which are financial? A) A share of stock. B) A personal IOU. C) A trademark. D) A factory. E) Undeveloped land. F) The balance in the firm's checking account. G) An experienced and hardworking sales force. H) A corporate bond.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter1: Accounting And The Financial Statements

Section: Chapter Questions

Problem 2MCQ

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Question

Investment and financing decisions

Which of the following are real assets, and which are financial?

A) A share of stock.

B) A personal IOU.

C) A trademark.

D) A factory.

E) Undeveloped land.

F) The balance in the firm's checking account.

G) An experienced and hardworking sales force.

H) A corporate bond.

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