Which of the following is the most liquid of all current assets?
A) Marketable security
B) Accounts receivables
C) Cash
D) Notes receivable
E) Prepaid expense

Question

Quizplus · Accepted Answer

Cash is the most liquid of all current assets as it can be used immediately for any purpose without any restrictions or transaction costs. Marketable securities and notes receivable may have some restrictions on their transferability, whereas accounts receivables and prepaid expenses require additional processing or conversion to cash before they can be used for any purpose.

Which of the Following Is the Most Liquid of All