Current Assets Under GAAP Are Listed Generally

question 232

Multiple Choice

Current assets under GAAP are listed generally

• A) alphabetically.
• B) by order of liquidity.
• C) in the reverse order of their expected conversion to cash.
• D) by importance.

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Definitions:

Esteem Needs

in Maslow's hierarchy of needs, the fourth level, including self-esteem, confidence, achievement, respect of others, and respect by others.

Safety Needs

According to Maslow's hierarchy, these are the second tier of human needs, including security and protection from physical and emotional harm.

Physiological Needs

Basic elements necessary for human survival and function, such as air, water, food, shelter, and sleep.

Self-Actualization Needs

The highest level in Maslow's hierarchy of needs, representing the pursuit of realizing one's full potential and seeking personal growth and peak experiences.