cjuarez6030 cjuarez6030

14-03-2024
Business

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How are bank deposits of Yen in a Japanese bank classified? How would cryptocurrency like Bitcoin be classified? Should the FASB change its rules on cryptocurrency?
a) Yen deposits: Financial asset; Bitcoin: Tangible asset; Yes
b) Yen deposits: Tangible asset; Bitcoin: Financial asset; No
c) Yen deposits: Financial asset; Bitcoin: Intangible asset; Maybe
d) Yen deposits: Intangible asset; Bitcoin: Financial asset; It depends

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