Accounting
Are "trading assets" and "deferred tax assets" considered quick assets? Thanks.
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No, trading assets and deferred tax assets are not considered quick assets. Quick assets are assets that can be converted into cash within a short period of time, usually 90 days or less. Trading assets are typically investments made with the goal of obtaining a return from trading, and their value can vary depending on market conditions. Deferred tax assets are taxes that have been paid but are not currently being accounted for, so they are not immediately available for conversion into cash.