Assets Are Listed on the Balance Sheet in Order of Liquidity

question 18

Multiple Choice

Assets are listed on the balance sheet in order of liquidity. Which of the following items reflects the normal order of liquidity?

• A)Bills Receivable, Inventory, Accounts receivable, Cash
• B)Non- current assets, Inventory, Bills receivable, Cash
• C)Cash, Accounts receivable, Inventory, Bills receivable
• D)Cash, Inventory, Bills receivable, Accounts receivable

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Definitions:

Organismic Theorists

Theorists who emphasize the holistic and unique aspects of psychological development, focusing on the interaction between innate biological factors and environmental influences.

Mechanistic Theorists

Thinkers who view human behavior and development as being shaped by a complex system of inputs and outputs, similar to a machine.

Quantitative Change

Changes in number or amount, such as in height, weight, size of vocabulary, or frequency of communication.

Qualitative Change

Discontinuous changes in kind, structure, or organization.