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the liquidity of an asset in a classifed balance sheet refers to: - the dollar magnitude of the asset -the length of time for which

the liquidity of an asset in a classifed balance sheet refers to:

- the dollar magnitude of the asset

-the length of time for which the company has owned the asset

-how quickly the asset will be converted to cash

-the likelihood that the asset will help to increase the company's profitability

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