Which Is the MOST Liquid of Assets

question 158

Multiple Choice

Which is the MOST liquid of assets?

• A) Cash
• B) Accounts receivable
• C) Inventory
• D) Supplies

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Definitions:

Short-form Merger

A merger between a parent company and its subsidiary where the parent absorbs the subsidiary without the need for approval by the shareholders of the subsidiary.

Subsidiary

A company that is completely or majority-owned by another company, known as the parent company.

Merger Plan

A detailed proposal for combining two or more companies into one entity, outlining the terms, conditions, and operational strategies post-merger.

Primary Liability

The direct responsibility of an entity or individual to pay a debt or damages without first requiring enforcement against another party.