Apple holds about $50 billion in cash. Large cash holdings are generally understood as

(a) an insurance policy for uncertain times

(b) a war chest (aka dry powder) for making acquisitions

(c) an indicator of the absence of investment opportunities

(d) all the above

Which of the following is not going to be listed as an asset on a balance sheet?

(a) Googles corporate headquarters

(b) Ford Motor Companys expected payments from dealerships for purchases of cars $$

(c) The $42 billion in Facebooks bank accounts at year-end.

(d) A valuation of Coca-Colas brand