Because Cash Is the Most Liquid Current Asset It Is

question 148

True/False

Because cash is the most liquid current asset it is listed first in the current assets section of the statement of financial position.

---

Definitions:

Operationalization

The process of defining the measurement of a phenomenon that is not directly measurable, by assigning it a quantitative value.

Tenacity

The quality or state of being very determined and persistent in pursuing goals.

Intuition

An immediate understanding of knowledge without the need for conscious reasoning.

Authority

Refers to the power or right to give orders, make decisions, and enforce obedience, or the cited source of expert information.