A firm obtains the funds needed to pay its current bills from its:
A) current liabilities.
B) long-term assets.
C) long-term liabilities.
D) equity.
E) liquid assets.

Name: A firm obtains the funds needed to pay its current bills from its: A) current liabilities. B) long-term assets. C) long-term liabilities. D) equity. E) liquid assets.
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Question

Quizplus · Accepted Answer

Liquid assets are used by a firm to pay its current bills as they are easily convertible to cash.

A Firm Obtains the Funds Needed to Pay Its Current