question 1\n5 points\ncash and near - cash resources are known as _.\na long - lived assets\nb liquid…

question 1\n5 points\ncash and near - cash resources are known as _.\na long - lived assets\nb liquid assets\nc noncurrent assets\nd fixed assets\ne noncash assets

question 1\n5 points\ncash and near - cash resources are known as _.\na long - lived assets\nb liquid assets\nc noncurrent assets\nd fixed assets\ne noncash assets

Answer

Answer:

B. liquid assets

Brief Explanations:

Liquid assets are cash or assets that can be quickly converted to cash. Long - lived assets (A) are assets with a long - term use. Non - current assets (C) are assets not easily converted to cash in a short time. Fixed assets (D) are long - term tangible assets. Non - cash assets (E) do not include cash or near - cash. So, cash and near - cash resources are liquid assets.