Which of the Following Assets Is Considered the Most Liquid

question 164

Multiple Choice

Which of the following assets is considered the most liquid?

• A)Cash
• B)Accounts receivable
• C)Merchandise inventory
• D)Prepaid expenses

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Definitions:

Know-Nothings

A nativist political movement in the mid-19th century America, officially known as the American Party, which was anti-Catholic and anti-immigrant.

Republican Party

One of the two major contemporary political parties in the United States, also known as the GOP (Grand Old Party), it was founded in 1854 primarily to oppose the spread of slavery.

Slavery Abolition

The legal termination and prohibition of slavery, involving the emancipation of enslaved people and the banning of the slave trade and slave ownership.

John Brown

An American abolitionist leader in the 19th century known for his militant opposition to slavery.