In which of the following asset accounts are you least likely to find a difference between market value and book value?

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Cash is a highly liquid asset, which means that it can quickly and easily be converted into cash. As a result, its market value is usually very close to its book value. On the other hand, inventory and land are subject to changes in market conditions and may have a significant difference between their market value and book value, while shareholders' equity is not an asset account but a section of the balance sheet that represents the residual interest in the assets of the company after deducting liabilities.

In Which of the Following Asset Accounts Are You Least