The Correct Order to Present Current Assets Is

question 16

Multiple Choice

The correct order to present current assets is

• A) cash, accounts receivable, prepaid items, inventories.
• B) inventories, receivables, prepaid items, cash.
• C) cash, inventories, accounts receivable, prepaid items.
• D) inventories, prepaid items, accounts receivable, cash.

---

Definitions:

Activities

Tasks, operations, or works carried out in an organization as part of its business processes.

Product Level

Pertains to costs or activities associated with a specific product rather than the business as a whole.

Activity-Based Costing

An accounting method that assigns costs to products or services based on the resources that they consume, aiming to provide more accurate costing information.

Implementation Costs

Expenses associated with putting a new system or process into use.