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    Financial Accounting Study Set 31
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    Exam 5: Accounting for Merchandising Operations
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    In Terms of Liquidity, Inventory Is
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In Terms of Liquidity, Inventory Is

Question 72

Question 72

Multiple Choice

In terms of liquidity, inventory is


A) more liquid than cash.
B) more liquid than accounts receivable.
C) more liquid than prepaid expenses.
D) less liquid than store equipment.

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