Assets that are relatively liquid are classified as
A) current assets.
B) fixed assets.
C) short-term assets.
D) other assets.

Name: Assets that are relatively liquid are classified as A) current assets. B) fixed assets. C) short-term assets. D) other assets.
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Question

Quizplus · Accepted Answer

Current assets are those that are expected to be converted into cash within a year or one operating cycle, whichever is longer. Relatively liquid assets such as cash, marketable securities, and accounts receivable fall under this category.

Assets That Are Relatively Liquid Are Classified as