The correct answer is: B. Fictitious asset.
A fictitious asset is a non-monetary asset that has no physical substance and is not used in the production of goods or services. It is created when a company issues debentures at a discount. The discount is the difference between the face value of the debentures and the amount that the company receives when they are issued. The discount is recorded as a liability on the company’s balance sheet.
A real asset is a tangible asset that has physical substance and is used in the production of goods or services. Examples of real assets include land, buildings, and equipment.
A fixed asset is a long-term asset that is used in the production of goods or services. Fixed assets are not intended for sale in the ordinary course of business. Examples of fixed assets include land, buildings, and equipment.
A current asset is an asset that is expected to be converted into cash or used in the production of goods or services within one year. Examples of current assets include cash, accounts receivable, and inventory.