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Q: The most liquid asset is: (Points : 3) Sales. Cash. Accounts payable. Owners' equity.
A: The most liquid asset is: Cash.
VisTRA|Points 340|
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Asked 1/6/2013 11:16:28 PM
Updated 1/18/2014 7:29:34 AM
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This conversation has been confirmed as correct, not copied, and helpful.
Edited by jeifunk [1/18/2014 7:29:32 AM], Confirmed by jeifunk [1/18/2014 7:29:34 AM]
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Accounting provides financial information that can be useful to owners, creditors, suppliers, employees, and competitors of an organization. (Points : 2) True False
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Updated 99 days ago|1/19/2017 12:29:39 AM
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Accounting provides financial information that can be useful to owners, creditors, suppliers, employees, and competitors of an organization. True.
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Confirmed by jeifunk [1/19/2017 1:39:31 AM]
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Updated 91 days ago|1/26/2017 10:06:42 PM
1 Answer/Comment
During periods of rising prices, firms that want to report more attractive profits would tend to favor the FIFO technique of inventory valuation. TRUE.
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If the goal of a business is to pay lower taxes on its income during an inflationary period, it is likely to use the FIFO inventory costing method. True False
Weegy: If the goal of a business is to pay lower taxes on its income during an inflationary period, it is likely to use the FIFO inventory costing method. TRUE. (More)
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