Most Companies That Follow IFRS Present Balance Sheet (Statement of Financial

question 157

Multiple Choice

Most companies that follow IFRS present balance sheet (statement of financial position) information in this order:

• A)current assets; investments; property, plant and equipment; intangible assets; current liabilities; long term liabilities; equity.
• B)intangible assets; property, plant and equipment; investments; current assets; current liabilities; equity; long term liabilities.
• C)current assets; noncurrent assets; current liabilities; noncurrent liabilities; equity.
• D)noncurrent assets; current assets; equity; noncurrent liabilities; current liabilities.

---

Definitions:

Subject

In philosophy, it refers to the entity that is the observer or experiencer of perceptions and thoughts.

Predicate

A grammatical and logical term that refers to the part of a sentence or an expression that states something about the subject.

Propositions

Statements or assertions expressing judgments or opinions that can be either true or false.

True

Corresponding to reality or fact; not false.