Which one of the following assets is generally the most liquid?
A) inventory
B) buildings
C) accounts receivable
D) equipment
E) patents

Question

Quizplus · Accepted Answer

Accounts receivable are the amounts due from customers for sales made on credit. They are considered highly liquid because they can be easily converted into cash by collecting payments from customers. Inventory, buildings, equipment, and patents are generally less liquid because they may take longer to sell and may require additional costs for storage, maintenance, or legal processes.

Which One of the Following Assets Is Generally the Most