The Conceptual Framework defines assets and outlines a number of criteria for their recognition. Shiny Shoes Ltd has a number of items, outlined below. For each of the items listed, identify via the drop-down menu whether or not you would recognise it as an asset in the statement of financial position. (a) large inventory of shoes. One antique boot in a display cabinet donated by a customer. The boot looks nice in the store and is a talking point; however, it has no commercial value as the (b) other boot is missing. Shoes held on consignment. (d) Three staff members Asset Not an asset Shelving to display shoes Click if you would like to show Work for this question On Show Work