Which of the Following Is the Proper Order to List

question 55

Multiple Choice

Which of the following is the proper order to list current assets on the Statement of Financial Position?

• A) Cash, Short-Term Investments, Inventory, Prepaid Expenses
• B) Cash, Short-Term Investments, Prepaid Expenses, Accounts Receivable
• C) Cash, Inventory, Accounts Receivable, Short-Term Investments
• D) Cash, Accounts Receivable, Short-Term Investments, Inventory

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Definitions:

Endoplasmic Reticulum

A network of membranous tubules within the cytoplasm of a cell, involved in protein and lipid synthesis, and detoxification processes.

Mitochondrion

An organelle found in large numbers in most cells, where the biochemical processes of respiration and energy production occur.

DNA Replication

The process by which a cell duplicates its DNA, producing two identical copies prior to division.

Interphase

The longest phase of the cell cycle, where the cell prepares for division by replicating its DNA and proteins.