Liquid assets is determined by Select one: a. Current assets - current liabilities O b. Current liabilities - Bank overdraft c. Current assets +stock+ prepaid expenses d. Current assets-stock-Prepaid expenses

Liquid assets is determined by Select one: a. Current assets - current liabilities O b. Current liabilities - Bank overdraft c. Current assets +stock+ prepaid expenses d. Current assets-stock-Prepaid expenses

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 17MCQ

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Question

Liquid assets is determined by
Select one:
a. Current assets - current liabilities
O b. Current liabilities- Bank overdraft
c. Current assets +stock+ prepaid
expenses
O d. Current assets-stock-Prepaid expenses

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