The Following Accounts Are Listed in Order of Liquidity

question 190

Multiple Choice

The following accounts are listed in order of liquidity:

• A)Cash,Inventory,Accounts Receivable,Furniture
• B)Cash,Accounts Receivable,Inventory,Furniture
• C)Furniture,Cash,Accounts Receivable,Inventory
• D)Furniture,Cash,Inventory,Accounts Receivable

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Definitions:

Participating

Being actively involved or taking part in a particular event, activity, or process.

Fair Values

The valuation received for disposing of an asset or the expense of moving a liability in an organized market activity on the assessment date.

Acquisition

The process of obtaining control of another corporation, purchasing its shares, or assets, to expand or diversify operations.

Voting Common Stock

Shares that give the shareholder voting rights in corporate decisions, typically one vote per share owned.