Multiple Choice
Which of the following assets is considered the most liquid?
A) Cash
B) Accounts receivable
C) Merchandise inventory
D) Prepaid expenses
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q159: Checks received from customers are considered to
Q160: When preparing a bank reconciliation interest earned
Q161: Deposits made by a company but not
Q162: Accounting controls primarily concern safeguarding assets and
Q163: An outstanding check is a check that<br>A)has
Q165: Section 404 of the Sarbanes-Oxley Act requires
Q166: The IFRS definition of cash equivalents is
Q167: On a bank reconciliation,interest earned for the
Q168: Which of the following is a sound
Q169: When preparing a bank reconciliation,outstanding checks are<br>A)deducted