Assets that may be quickly converted to cash is called:

Name: Assets that may be quickly converted to cash is called:
Brand: Quizplus
Rating: 4.9 (44 reviews)

Question

Quizplus · Accepted Answer

Cash equivalent assets are investments that can be quickly converted into cash without significant risk of loss. Examples include money market funds, treasury bills, and short-term government bonds. Inventory and receivables may take some time to convert into cash, while payables are liabilities, not assets.

Assets That May Be Quickly Converted to Cash Is Called