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 is generally considered to be the most liquid because it represents the money owed to a company by its customers and can be easily converted to cash through collection efforts. Buildings and land are fixed assets and can take longer to sell, while finished goods inventory may take time to be sold and converted to cash.

Which of These Assets Is Generally Considered to Be the Most