Which of the Following Is More Liquid

question 160

Multiple Choice

Which of the following is more liquid?

• A) A privately held company's stock
• B) A publicly held company's stock
• C) A house
• D) A rare painting

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Definitions:

Accounting Cycle

The collective process of recording and processing the accounting events of a company, from when the transaction occurs, to its representation in the financial statements, followed by closing the accounts.

Accounting Equation

Assets equal liabilities plus owners’ equity.