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An asset that can quickly be converted into cash is known as a(n): - Intangible asset - Liquid asset - Fixed asset - Contra-asset

An asset that can quickly be converted into cash is known as a(n): - Intangible asset - Liquid asset - Fixed asset - Contra-asset

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter7: Operating Assets
Section: Chapter Questions
Problem 15DQ
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General Accounting Mcq

An asset that can quickly be converted into cash is known as a(n): - Intangible asset - Liquid asset - Fixed asset - Contra-asset
Transcribed Image Text:An asset that can quickly be converted into cash is known as a(n): - Intangible asset - Liquid asset - Fixed asset - Contra-asset
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