Which of the following financial statement items is generally considered the most liquid?
A) Intangible assets.
B) Net fixed assets.
C) Long-term debt.
D) Patents and trademarks.
E) Accounts receivable.

Question

Quizplus · Accepted Answer

Accounts receivable is generally considered the most liquid among the options given because it represents money owed to the company that is expected to be received in the short term, typically within one year. This makes it more easily convertible into cash compared to intangible assets, net fixed assets, long-term debt, or patents and trademarks.

Which of the Following Financial Statement Items Is Generally Considered