Which of the Following Is (Are) the Most Liquid of a Company's

question 14

Multiple Choice

Which of the following is (are) the most liquid of a company's assets?
I. Inventory is the most liquid.
II. Accounts receivable is the most liquid.

• A) Only statement I is correct.
• B) Only statement II is correct.
• C) Both statements I and II are correct.
• D) Neither statement I nor II is correct.

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