Miscellaneous assets — Assets of various kinds.
http://www.entrepreneur.com/encyclopedia/term/82186.html
•Capital and plant is the book value of all capital equipment and property (if you own the land and building), less depreciation.
•Investment includes all investments owned by the company that can’t be converted to cash in less than one year. For the most part, companies just starting out have not accumulated long-term investments.
•Miscellaneous assets are all other long-term assets that are not “capital and plant” or “investment.”
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What are Some Examples of Miscellaneous Assets?
Examples of other or miscellaneous assets that may not be directly a part of the company industry may include: capitalized costs, insurance, construction, development stage entities, contracts, real estate, franchises, financial services, regulated operations and the like.
http://www.ehow.com/info_7755712_definition-total-assets.html#ixzz1c0ef5fMG
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For example: Denise M. Alter, Corporate Art Collecting and Fiduciary Duties to Shareholders: Legal Duties and Best Practices for Directors and Officers, 2009 Colum. Bus. L. Rev. 1 [Abstract]
corporate art collections quickly make their way into the headlines. For example, less than forty-eight hours after Lehman Brothers Holdings Inc. filed bankruptcy in September 2008, the media began to question the fate of Lehman’s sizeable art collection. Within days, that media attention turned to the large personal art collection of Lehman’s Chief Executive Officer, Richard S. Fuld, Jr., and his wife Kathy–a trustee at the Museum of Modern Art in New York. One wonders why the fine art collecting activities of senior corporate executives, which impact their corporations, remain unchecked by corporate boards of directors. One answer may be the lack of statutory or decisional law and legal literature advising boards on the intersection of corporate art collecting and governance. Another may be that corporate expenditures for fine art and fine art collecting activities typically go unspecified to and unchallenged by shareholders. After all, if shareholders have no say in the multimillion dollar offices occupied by public corporations, why should they have any greater input into the multimillion dollar art collections that decorate those offices?
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