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Which one of the following statements best describes liquidity A It is the extent to which the entity's assests exceed its liabilities B It is

Which one of the following statements best describes liquidity

A It is the extent to which the entity's assests exceed its liabilities

B It is an entity's ability to satisfy its short term obligations as they become due

C It refers to financing secured from the owners and creditors

D It refers to the ability of an entity to repay its total debts and satisfy any claims against it

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