1. Which of the following is a correct statement?
a. Inventory is not part of the current assets because they are physical in nature.
b. Plant, equipment, building and land are non-current assets, but not fixed assets.
c. Marketable securities such as stocks & bonds are current assets.
d. Cash is the only liquid asset.
e. Physical assets are finance by equity only.
1. Which of the following is a correct statement?
a. Inventory is not part of the current assets because they are physical in nature.
b. Plant, equipment, building and land are non-current assets, but not fixed assets.
c. Marketable securities such as stocks & bonds are current assets.
d. Cash is the only liquid asset.
e. Physical assets are finance by equity only.
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