technical knowledge
bank loan
lease obligations
shares, bonds and debentures
Answer is Right!
Answer is Wrong!
The correct answer is A. technical knowledge.
Financial assets are assets that derive their value from a contractual right to receive cash or another financial asset from another party. They include:
- Bank loans: A loan is a debt instrument that obligates the borrower to repay the lender with interest.
- Lease obligations: A lease is a contract that allows the lessee to use an asset for a period of time in exchange for periodic payments to the lessor.
- Shares, bonds, and debentures: These are all types of securities that represent ownership in a company or debt owed by a company.
Technical knowledge is not a financial asset because it does not derive its value from a contractual right to receive cash or another financial asset. It is an intangible asset that can be valuable, but it is not a financial asset.