Which of the Following Presents Assets in the Correct Balance

question 59

Multiple Choice

Which of the following presents assets in the correct balance sheet order?

• A) marketable securities, equipment, prepaid insurance, inventory
• B) cash, inventory, equipment
• C) accounts receivable, buildings, inventory, land
• D) buildings, prepaid expenses, inventory, equipment

---

Definitions:

Tensions

The state of being stretched tight, often used metaphorically to describe strained relations between entities.

Colonists

People who settle in a new territory but remain subjects or citizens of their parent state or country.

Colonial Governments

The administrative bodies established by colonial powers to rule over their overseas colonies, often imposed without the consent of the native populations.

New England

A region in the northeastern corner of the USA, consisting of six states: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut, known for its distinct historical roots.