Which one of the following statements concerning liquidity is correct?
A.
If you sold an asset today, it was a liquid asset.
B.
If you can sell an asset next year at a price equal to its actual value, the asset is highly liquid.
C.
Trademarks and patents are highly liquid.
D.
The less liquidity a firm has, the lower the probability the firm will encounter financial difficulties.
E.
Balance sheet accounts are listed in order of decreasing liquidity.