Accounting Capital Premium > Quiz – Liquid Assets – MCQ

Quiz – Liquid Assets – MCQ

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  • Time Limit: Unlimited
  • Level: Easy to Medium
  • Question Type: MCQs
  • Passing Score: 90%
  • No. of Questions: 11
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When converting liquid assets into cash there is always a loss to the firm.

If Inventory = 0, Prepaid Expenses = 0, then Liquid assets = _____.

Cash = 500, Inventory = 100, Receivables = 300, Quick Assets = _____.

Liquid assets are also known as _____.

_____ is considered the most liquid asset.

Investments are not considered liquid assets.

Which of the following is a liquid asset?

Mutual funds are considered liquid assets.

Liquid Assets = Current Assets – Inventory – _____.

_____ is not a liquid asset.

Liquid assets can very easily be converted into _____.

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