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Surf City Software Company develops new surf forecasting software. It sells the software to Microsoft in exchange for 1,000 shares of Microsoft common stock. Surf City Software has exchanged a ________ asset for a ________ asset in this transaction.A. real; real B. financial; financial C. real; financial D. financial; real E. none of the options

Respuesta :

jepessoa

Answer:

C) real ; financial

  • Surf City Software has exchanged a REAL asset for a FINANCIAL asset in this transaction.

Explanation:

Even though software is not a tangible asset, it is considered a real asset because it is capable of generating value.

On the other hand,the value of financial assets is defined by the amount of money that can be obtained once they are exchanged for cash or other real assets. The main advantage of financial assets over real assets is that they can usually increase in value over time, while real assets tend to lose value over time.