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:

Distributing Resources

The process of allocating financial, human, and material resources among various projects, departments, or units within an organization.

Mintzberg

Mintzberg refers to Henry Mintzberg, a renowned academic and author known for his work on business strategy, organizational structures, and management.

Managerial Roles

The specific behaviors and tasks that are expected of a manager, including planning, organizing, leading, and controlling.

Interpersonal

Relating to relationships or communication between people.