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Musya8 [376]
3 years ago
11

____________________An asset that lacks this attribute may take a long time to sell or be collected (so that it can be converted

into usable cash), may require a big drop in price compared to its purchase price to induce a buyer to purchase it and/or a large transaction cost to purchase or sell it.
Business
1 answer:
g100num [7]3 years ago
4 0

Answer:

Liquidity

Explanation:

Liquidity is the degree to which an asset can be converted to cash.  Assets that can easily be converted are described as liquid assets and include stocks and bonds.

Illiquid assets are not easy to sell. These assets may take a long time to sell or may be sold at a much cheaper price than the purchase price in order to make a quick sale. These include real estate, motor vehicles etc.

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Answer:

$106 million

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Since you need $106 million to balance the account, that should be the amount of bad debt written off during the current year. Allowance for doubtful accounts is a contra asset account, any debit balance increases accounts receivable while a credit balance decreases it.

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Answer: 1. B 2.B

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Which of the following explains why a company’s book value as reported in the balance sheet may not equal the company’s market v
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