IJJ Corp (IJJP)

[BeachBum]

Nothing "clever" about misstating assets to "look better". I'm going to assume IJJP is not doing that. Liquidity is defined for balance sheet assets. You can either cash them in within a reasonable time generally 90 days, or you can't imo. If you can't, they are not current assets and should be posted elsewhere like in "other investments" imo. I'm going to guess on what the cash equivalents are with IJJP, likely marketable securities. Although securities can be an equivalent, they can't be highly volatile to value accurately within a reporting period as I see it. You know, like IJJP stock. lol

All opinion of course. Not a CPA.