Which of the Following Lists the Accounts in Order of Liquidity

question 210

Multiple Choice

Which of the following lists the accounts 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:

Contract

A legally enforceable agreement between two or more parties with mutual obligations.

Consideration

The value (which could be in the form of goods, services, or money) exchanged between parties in a contract, making the agreement legally binding.

Legally Sufficient Consideration

A value or benefit that is recognized by law, which is exchanged between parties as part of a contract.

Legally Sufficient

This refers to a condition or document meeting all legal requirements and standards to be considered valid or enforceable.