Under IFRS and Under GAAP, Current Assets Are Listed In \quad

question 91

Short Answer

Under IFRS and under GAAP, current assets are listed in $\quad \text { IFRS } \quad \quad \quad \quad \quad \quad \quad \text { GAAP }$
a.order of liquidity $\quad$$\quad$$\quad$$\quad$ order of liquidity
b.reverse order of liquidity $\quad$ order of liquidity
c.order of liquidity $\quad$$\quad$$\quad$$\quad$ reverse order of liquidity
d.reverse order of liquidity $\quad$ reverse order of liquidity

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Definitions:

Division Profits

The earnings generated from a specific department or segment within a larger organization.

Profit Centers

Segments or divisions within a company that are directly responsible for generating a significant portion of the company's profits.

Division Profits

The earnings attributive to a specific division or branch of a larger company, often used to assess the performance of that segment.

Profit Centers

Profit centers are segments, branches, or divisions of a company that are treated as a separate business, responsible for generating their own revenues and profits.