In What Order Are Assets Are Listed on a Statement

question 37

Multiple Choice

In what order are assets are listed on a statement of financial position?

• A) Date of acquisition (earliest first).
• B) Importance to the operation of the business.
• C) Ease of conversion to cash.
• D) Dollar amount (largest first).

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Definitions:

Sentence Structure

The arrangement of words and phrases to create well-formed sentences in a language, crucial for clarity and effectiveness in communication.

Subordinate Clauses

A part of a sentence that contains a subject and a verb but cannot stand alone as a complete sentence; it depends on the main clause to make sense.

Main Ideas

The central concepts or primary points that are being communicated in a text or speech.

Jargon

Specialized language or terminology used within a particular field or profession, often difficult for outsiders to understand.