Asked by Michelle Marquez on May 08, 2024
Verified
Which of the following is not a real asset?
A) Equipment
B) Land
C) Stock
D) None of the above
Real Asset
A tangible object with value derived from the service it provides such as a house or a car. Distinguish from a financial asset, which is a piece of paper giving its owner a claim to future cash flows.
Equipment
Assets used in the operations of a business, typically consisting of machinery, tools, and vehicles.
Stock
Ownership shares in a corporation, representing a claim on part of the corporation's assets and earnings.
- Compare and contrast actual assets with monetary assets.
Verified Answer
AK
Andrea KopperMay 15, 2024
Final Answer :
C
Explanation :
Stock is not a real asset. Real assets are tangible assets like equipment and land. Stock is a financial asset that represents ownership in a company.
Learning Objectives
- Compare and contrast actual assets with monetary assets.