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Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 2830
Experience:  18+ years of experience in tax preparation; 25+ years of experience as a real estate/corporate paralegal.
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Is a lawyers billing a liquid claim or an illiquid claim

Customer Question

is a lawyers billing a liquid claim or an illiquid claim
Submitted: 1 year ago.
Category: Tax
Expert:  Barbara replied 1 year ago.
Welcome to Just Answer. My name is ***** ***** I will be happy to assist you today.
Per accounting principles, a lawyer's billing (account receivable) is considered liquid.
Please let me know if I can assist you further.
Thank you and best regards,
Barb
Expert:  Barbara replied 1 year ago.
Just following up with you to see if you have any other questions. If so, please come back to me here at your convenience, and I will be happy to assist you.
If not, please take a moment to rate my answer since that is the only way I receive credit for answering you and alerts Just Answer to compensate me.
Best regards,
Barb

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