Which of the following assets is the most liquid?
A)Building
B)Prepaid Expenses
C)Accounts Receivable
D)Cash

Name: Which of the following assets is the most liquid? A)Building B)Prepaid Expenses C)Accounts Receivable D)Cash
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Question

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Cash is considered the most liquid asset as it can be easily converted into any other form of asset or used to pay liabilities. Building, prepaid expenses, and accounts receivable are less liquid compared to cash as they cannot be easily converted into cash.

Which of the Following Assets Is the Most Liquid