Answer:
The correct answer is B
Explanation:
Liquidity is the term which is described as the degree to which the asset or the security of the business could be easily and quickly sold and bought in the market at the price which is reflecting its intrinsic value.
In short, it is defined as the how easily and quickly the asset can be converted into cash or into a medium of exchange in the market.
The answer is D
Sorry if I'm not 100%
Correct I tried (๑♡∀♡๑)
Answer: 1 million in British pounds converts to 1221650.00 US Dollars
I hope this helps! :)
Answer:
False.
Explanation:
The revenue recognition principle states that revenue should be recognized and recorded when it is realized or realizable and when it is earned. In other words, companies shouldn’t wait until revenue is actually collected to record it in their books.
Revenue should be recorded when the business has earned the revenue even it has not been paid by customers to finance expenditures
