A firm obtains the funds needed to pay its current bills primarily 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 primarily 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 easily convertible to cash and are used by firms to pay current bills.

A Firm Obtains the Funds Needed to Pay Its Current