Which of the Following Is CORRECT Regarding Liquidity

question 187

Multiple Choice

Which of the following is CORRECT regarding liquidity?

• A)Liquidity measures how quickly an item can be paid.
• B)Accounts receivable is the most liquid asset.
• C)A balance sheet lists assets and liabilities in the order of relative liquidity.
• D)Equipment is a highly liquid asset.

---

Definitions:

Expect

To regard something as likely to happen based on available evidence or logical supposition.

Expected Value

The average outcome of a random event when considering all possible outcomes and their probabilities.

Probabilities

Measures of the likelihood or chance that a particular event will occur, expressed as a number between 0 (impossible) and 1 (certain).

Voice-Activated

Describes technology that allows devices to be controlled or operated through voice commands, typically involving a virtual assistant.