Asked by Angelina Carbonell on Jul 17, 2024
Verified
Which of the following financial statement items is generally considered the most liquid?
A) Intangible assets.
B) Net fixed assets.
C) Long-term debt.
D) Patents and trademarks.
E) Accounts receivable.
Accounts Receivable
The money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Intangible Assets
Intangible assets are non-physical assets owned by a business, such as patents, trademarks, goodwill, and licensing agreements, known for their long-term value.
Long-Term Debt
Loans and financial obligations lasting over one year that are used to finance a company's operations.
- Determine and classify current assets and liabilities.
Verified Answer
Learning Objectives
- Determine and classify current assets and liabilities.
Related questions
Intangible Assets Are Long-Term Resources Used to Produce or Sell ...
Long-Term Investments Can Include Land Held for Future Expansion
The Account Supplies Will Appear in the Following Debit Columns ...
Current Liabilities Include Accounts Receivable,unearned Revenues,and Salaries Payable
Plants,offices,and Equipment Are Considered