Most Firms Calculate Their Quick Assets by Subtracting the Value

question 132

True/False

Most firms calculate their quick assets by subtracting the value of their inventory from their current asset total.

---

Definitions:

Security

Measures or instruments (financial or physical) aimed at protecting assets, investments, or territories against loss, damage, or theft.

Provincial Personal Property

Assets and items of personal property as defined and regulated by provincial law in Canada.

Security Interest

Security interest is a legal claim on assets which are offered by a borrower to a lender as collateral for a loan or obligation.

Security Registration Legislation

Laws and regulations tasked with governing the registration, offering, and sale of securities to protect investors and prevent fraud.