Question: Classify each of the following as a financial asset or an operating asset:
a. Cash in a checking account used to pay bills.
b. Accounts receivable.
c. Finance receivables for an automobile firm.
d. Cash in 90-day interest-bearing deposits (cash equivalents).
e. Debt investments held to maturity.
f. Short-term equity investments.
g. Long-term equity investments held to maturity.
h. Goodwill.
i. Lease assets.
j. Deferred compensation.