Which of the Following Assets Is the Most Liquid

question 93

Multiple Choice

Which of the following assets is the most liquid?

• A)Building
• B)Prepaid Expenses
• C)Accounts Receivable
• D)Cash

---

Definitions:

Refined Sugar

Processed sugar that has been purified and crystallized from raw sugar.

Materials Costs

The cost of raw materials and components that are used in the production of goods or services.

Processing Costs

Expenses related to the operations required to transform raw materials into finished products.

Split-off Point

In process costing, the stage in the manufacturing process where joint products can be physically separated and identified as individual products.