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Readily Marketable
Describes assets that can easily and quickly be converted into cash without significantly affecting their price.
Interest Receivable
The amount of interest income that has been earned but not yet received in cash.
Fixed Asset
A long-term tangible piece of property or equipment that a business uses in its operations to generate income.
Balance Sheet
A financial report that outlines a corporation's assets, liabilities, and owner's equity at a particular moment.
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