Which of these assets is generally considered to be the most liquid?
A)buildings
B)land
C)finished goods inventory
D)accounts receivable

Question

Quizplus · Accepted Answer

Accounts receivable are generally considered the most liquid asset because they represent money owed to a company by its customers which can be converted into cash quickly. Buildings and land are less liquid as they cannot be easily sold or converted into cash. Finished goods inventory can also be difficult to sell quickly and may decrease in value if it becomes outdated or unsold.

Which of These Assets Is Generally Considered to Be the Most