Which One of the Following Statements Concerning Liquidity Is Correct

Multiple Choice

Which one of the following statements concerning liquidity is correct?

A) If you sold an asset today,it is a liquid asset.
B) If you can sell an asset next year at a price equal to its actual value,the asset is highly liquid.
C) Trademarks and patents are highly liquid.
D) The less liquidity a firm has,the lower the probability the firm will encounter financial difficulties.
E) Statement of financial position accounts are listed in order of decreasing liquidity.