Which of the Following Types of Assets Is Considered to Be

question 160

Multiple Choice

Which of the following types of assets is considered to be completely liquid?

• A) accounts receivable
• B) cash
• C) prepaid expenses
• D) marketable securities

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Definitions:

Seafood Distributor

A business entity involved in the wholesale or retail distribution of seafood products to various outlets including markets and restaurants.

Commercial Fisher

A person or business involved in the catching and selling of fish for commercial purposes.

Voidable

Describes a legal transaction or agreement that may be nullified or rescinded by one or more parties.

Released

The action of freeing someone or something from a constraint, obligation, or legal liability.