199k views
5 votes
Land held for speculation, noncurrent receivables, and cash set aside for future plant expansion are all examples of _________.

1 Answer

1 vote

Final answer:

Land held for speculation, noncurrent receivables, and cash set aside for future plant expansion are all examples of financial assets.

Step-by-step explanation:

Land held for speculation, noncurrent receivables, and cash set aside for future plant expansion are all examples of financial assets.

Financial assets are resources owned by a business that have value and can generate future economic benefits. These assets can be classified into current and noncurrent assets. Land held for speculation is a noncurrent asset because it is not expected to be converted into cash or used up within a year. Noncurrent receivables and cash set aside for future plant expansion are also noncurrent assets.

User Daniel Vickers
by
8.1k points