A student is asked to give a definition of fixed and current assets and give examples of each. They write: "Fixed assets are items owned by a company that contribute to its productive capacity. e.g. equipment such as computers or machine tools used in the company's operation. Current assets are items bought and sold in the course of the company's normal operations. e.g. products for sale to customers or consumables such as printer paper." Which one of the following is true about this student's answer? The student's answer is incorrect because the items described would not be considered assets O The student's answer is partially correct but small value items like printer paper would not be considered as an asset The student's answer is incorrect; as only the money held by a company is considered as an asset O The student's answer is correct The student's answer is incorrect because the definitions of fixed and current assets are the opposite to those given by the student