The Standard Classification and Order of the Asset Section of a Classified

question 39

Multiple Choice

The standard classification and order of the asset section of a classified balance sheet is

• A) long-term investments, current assets, property, plant and equipment, intangible assets, goodwill.
• B) current assets, long-term investments, property, plant and equipment, intangible assets, goodwill.
• C) intangible assets, current assets, long-term investments, property, plant and equipment, goodwill.
• D) property, plant and equipment, intangible assets, long-term investments, current assets.

---

Definitions:

Accommodation

A cognitive process in which a person adjusts their existing schemas or understanding in response to new information.

Dilation

The expansion or widening of a part or structure of the body, such as the dilation of pupils in response to low light or the dilation of blood vessels to increase blood flow.

Constriction

The act of narrowing, tightening, or compressing, often referring to muscles, blood vessels, or airways.

Iris

The colored part of the eye that surrounds the pupil and controls the amount of light entering the eye by adjusting the size of the pupil.