Answered: Which one of the following accounts is…

Which one of the following accounts is the most liquid? Select one: a. Building. b. Inventory. c. Equipment. d. Land. e. Accounts Receivable.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 2EA: Consider the following accounts, and determine if the account is an asset (A), a liability (L), or...

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Question

Which one of the following accounts is the most liquid?
Select one:
a. Building.
b. Inventory.
c. Equipment.
d. Land.
e. Accounts Receivable.

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