A crypto asset gives the holder a contractual right to receive cash from the issuer. Under US GAAP, how is it generally accounted for?
- A.Indefinite-lived intangible asset.
- B.Under financial-instrument guidance.
- C.Finite-life intangible asset.
- D.As inventory.
Answer: B. A contractual right to receive cash meets the definition of a financial instrument, so it follows financial-instrument guidance β not the intangible model.








































