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  3. Study Set
    College Accounting
  4. Exam
    Exam 13: Completion of the Accounting Cycle for a Merchandising Company
  5. Question
    Liquidity Is
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Liquidity Is

Question 121

Question 121

Multiple Choice

Liquidity is


A) how quickly Accounts Payable can be paid.
B) how easily an asset can be converted to cash.
C) how much cash a company has on its balance sheet.
D) None of the above are correct.

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