Question: (a) Define the term financial instrument. Explain why the loan stock referred to above falls (5marks) (b) Define the terms financial asset and financial liability.

(a) Define the term "financial instrument". Explain why the loan stock

(a) Define the term "financial instrument". Explain why the loan stock referred to above falls (5marks) (b) Define the terms "financial asset" and financial liability". Explain why the loan stock is a (4 marks) (c) Identify the category of financial asset to which the loan stock belongs. Explain how within the definition financial asset for Alcon Berhad but is a financial liability for the borrower. ngu iudbe uhisl resegihan and subsequently. 4 marks)

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