{"id":46531,"date":"2024-04-15T22:13:42","date_gmt":"2024-04-15T22:13:42","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=46531"},"modified":"2024-04-15T22:13:42","modified_gmt":"2024-04-15T22:13:42","slug":"the-term-financial-assets-includes-all-of-the-following-except","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-term-financial-assets-includes-all-of-the-following-except\/","title":{"rendered":"The term &#8216;financial assets&#8217; includes all of the following except"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;technical knowledge&#8221; option2=&#8221;bank loan&#8221; option3=&#8221;lease obligations&#8221; option4=&#8221;shares, bonds and debentures&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is A. technical knowledge.<\/p>\n<p>Financial assets are assets that derive their value from a contractual right to receive cash or another financial asset from another party. They include:<\/p>\n<ul>\n<li>Bank loans: A loan is a debt instrument that obligates the borrower to repay the lender with interest.<\/li>\n<li>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.<\/li>\n<li>Shares, bonds, and debentures: These are all types of securities that represent ownership in a company or debt owed by a company.<\/li>\n<\/ul>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;technical knowledge&#8221; option2=&#8221;bank loan&#8221; option3=&#8221;lease obligations&#8221; option4=&#8221;shares, bonds and debentures&#8221; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-46531","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The term &#039;financial assets&#039; includes all of the following except<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/the-term-financial-assets-includes-all-of-the-following-except\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The term &#039;financial assets&#039; 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