Question: Statement 1: when an asset can be quickly converted into cash, it is liquid. Statement 2: Net income is distributed either to dividends or retained

Statement 1: when an asset can be quickly converted into cash, it is liquid.

Statement 2: Net income is distributed either to dividends or retained earnings.

Group of answer choices

1 false,2 true

Both true

1 true, 2 false

Both false

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