Chapter 7 - Cash and Receivables - Review and Practice - Using Your Judgment - Financial Statement Analysis Case: Case 2 - Part 1 - Page 380: c

The possibility of having numerous liquid assets is dependent on the liquidity goals of an entity. Besides, the possibility is dependent on the maturities of those assets; once the maturities of those assets occur, they must be auctioned; thus, they cannot be kept beyond the maturity date.

The possibility of having numerous liquid assets is dependent on the liquidity goals of an entity. Besides, the possibility is dependent on the maturities of those assets; once the maturities of those assets occur, they must be auctioned; thus, they cannot be kept beyond the maturity date.