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What asset can be quickly converted to cash without a significant loss in value?
Wiki User
∙ 15y ago
Liquid assets can easily be converted to cash. On a Balance Sheet, they are the items listed directly under Cash. The most liquid might be called Cash Equivalents. One example could be an investment instrument called a repurchase agreement.
Wiki User
∙ 15y ago
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What is a quick asset?
A quick asset is any asset, such as stocks and bonds, which can quickly be converted into cash.
What means asset?
Simply answered, it means cash or assets that can quickly and easily be converted to cash.
Is a car a liquid asset?
A liquid asset is cash or something that can be quickly converted into cash. A car is generally not considered a liquid asset. The reason for this is because it can take some time to sell a car in order to obtain cash.
What is the meaning liquidity position?
The position of a company is an ability to convert an asset into cash quickly. The degree to which an asset or security can be bought or sold in the market without affecting its price.
What is current asset?
The current asset is also called the liquid asset, it refers to property that can be easily converted to cash.
Is fixed deposit an asset?
Yes. An Asset is something that has a value and can be sold/converted to cash.
Is accounts receivable the least liquid or inventory?
No, cash + cash equivalents is the most liquid account. Liquidity is how quickly an asset can be converted to cash.
What is the difference between current asset and liquid asset?
liquid asset can be converted into cash within a very short span of time...
Is shed a fixed asset?
The question is a bit confusing, however if you mean "a" shed, as in used for storage or even some companies purchase sheds to use as an office building, then YES it is a Fixed Asset. A fixed asset (also known as Long-Term Asset or Property, Plant, & Equipment [PP&E] are used in accounting for assets or property that can not be easily converted to cash. Unlike Current assets such as Cash, Merchandise, Accounts Receivable, which usually can be converted into cash rather quickly.
What is the difference between current asset and floating asset?
assets which is highly liquid or converted into cash in short duration, but floating assets is a particular assets converted into cash in short time
Is a fishing permit a non-liquid asset or liquid asset?
It is a non-liquid asset. It can not be traded or converted into currency. It is non-transferable and therefor non-liquid.
What is the largest financial asset for most Americans?
For most Americans, the largest financial asset they have is their homes. Americans without homes may have significant assets in stocks and bonds, or even in a new automobile. Additionally, many Americans have significant savings in bank accounts.
