Would physical assets (such as inventories, property, plant and equipment) be considered to be financial assets? Why?

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Financial Accounting

ISBN: 9781743767382

9th Edition

Authors: Craig Deegan

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Question Posted: Sep 05, 2023 03:02 PM

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Would physical assets (such as inventories, property, plant and equipment) be considered to be financial assets? Why?

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According to paragraph 11 of AASB 132 a financial asset is any asset that is a Cash b An equity inst...View the full answer

Financial Accounting

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