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(b) Inventory may eventually be sold and converted into cash, therefore, it is a financial instrument under NZ IAS 32.|| Required: Define what a financial

(b) "Inventory may eventually be sold and converted into cash, therefore, it is a financial instrument under NZ IAS 32."|| Required: Define what a financial instrument is and whether the above argument is correct according to NZIAS 32. [word limit: 70 words]

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