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Question: Classify each of the following as a financial asset or an operating asset:

a. Cash in a checking account used to pay bills.

b. Accounts receivable.

c. Finance receivables for an automobile firm.

d. Cash in 90-day interest-bearing deposits (cash equivalents).

e. Debt investments held to maturity.

f. Short-term equity investments.

g. Long-term equity investments held to maturity.

h. Goodwill.

i. Lease assets.

j. Deferred compensation.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92299609

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