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    College Accounting Study Set 1
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    Exam 12: Completion of the Accounting Cycle for a Merchandise Company
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    Liquidity Is
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Liquidity Is

Question 67

Question 67

Multiple Choice

Liquidity is:


A) how quickly loans 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) how quickly customers pay.

Correct Answer:

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