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Match the Term with Its Definition

Question 3

Multiple Choice

Match the term with its definition.
-Assets that can be converted into cash relatively quickly


A) accounts payable (trade credit)
B) accounts receivable
C) accumulated depreciation
D) common stock
E) current assets (working capital)
F) current debt (short-term liabilities)
G) current ratio
H) fixed assets (property, plant, and equipment [PPE])
I) gross fixed assets
J) net fixed assets
K) other assets

Correct Answer:

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