Which of the following statements best distinguishes the difference between real and financial assets? financial assets appreciate in value; real assets depreciate in value. real assets are tangible; financial assets are not. real assets have less value than financial assets. financial assets represent claims to income that are generated by real assets.

Which of the following statements best distinguishes the difference between real and financial assets? financial assets appreciate in value; real assets depreciate in value. real assets are tangible; financial assets are not. real assets have less value than financial assets. financial assets represent claims to income that are generated by real assets.

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter2: Asset And Liability Valuation And Income Recognition

Section: Chapter Questions

Problem 2QE: Asset Valuation and Income Recognition. Asset valuation and recognition of net income closely...

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Under accrual accounting, which of the following is an appropriate accounting policy regarding recognizing assets as expenses? Assets should be recognized as expenses when the assets are paid for. Assets should be recognized as expenses when the assets are received. Assets should not be recognized as expenses, because assets are different from expenses. Assets should be recognized as expenses when their economic benefits expire.
a)What is the basic principle in determining the price of a financial asset? b)Why is it difficult to determine the cash flow of a financial asset? c)Why are the characteristics of an issuer important in determining the price of a financial asset? d)What are the two principal roles of financial assets?
Which of the following observations refers to the term differential? Select one: a. Excess of investment amount over fair value of net assets b. Excess of Investment amount over book value net assets c. Excess of fair value over book value of net assets d. Excess of fair value over historical cost of assets
financial assets generate net income to the economy, while real assets define the allocation of income Select one: True False
Please explain Tangible and Intangible Assets. What are types of both? Also Intangible Assets are not depreciated but amortized. Please explain the difference. What kind of intangible assets are amortized? Do Tangible and Intangible Assets show up on the Balance Sheet, if they , is do please list the order they appear. For example Current Assets appear first and in order of liquidity is that correct? Please Show in order how Assets are recorded as well as explain the difference between Tangible and Intangible and what amortization is. Thanks!
Which of the following is NOT true of revenue expenditure? It is an expenditure that keeps an asset in working condition. It is an expenditure which involves cash It will be debited from the statement of profit or loss It is an expenditure which affects the assets of the business.
The means by which individuals hold their claims on real assets in a well-developed economy are A) Investment assets. B) Depository assets.C) Derivative assets.D) Financial assets.E) Exchange-driven assets. also give justification for the chosen answer.
Which sentence is incorrect? Select one: a. Depreciation is not the actual change in the value of the asset. b. Accumulated Depreciation account has effects on the cash flow statement. c. Accumulated Depreciation is called a contra asset account. d. Depreciation is the process of allocating the cost of an asset to expense, not a valuation process.
Money is a claim against both real and financial assets. True/false.
The cost of new non-current assets is a cash payment not an expense in the statement of profit or loss? True False
True or false. Assets is equal to the sum of liabilities and owners equity
Which of the following does describe intangible assets? a. They are not lack physical existence. b. They are financial instruments. c. They provide short-term benefits. d. They are classified as long-term assets.

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		financial assets appreciate in value; real assets depreciate in value.
		real assets are tangible; financial assets are not.
		real assets have less value than financial assets.
		financial assets represent claims to income that are generated by real assets.