Which of the Following Method of Ordering Is Normally Used

question 13

Multiple Choice

Which of the following method of ordering is normally used to present current liabilities on the statement of financial position?

• A) In order of their magnitude
• B) In order of their liquidity (due date)
• C) In alphabetical order
• D) In order of reverse liquidity

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Definitions:

Mitosis

A process of cell division in eukaryotic cells that results in two genetically identical daughter cells from a single parent cell, ensuring the maintenance of the chromosome number across generations.

Sister Chromatids

Identical copies of a chromosome connected by a centromere, formed during the replication of DNA in preparation for cell division.

Genetically Identical

Organisms or cells that have exactly the same DNA sequence in every respect, typically resulting from asexual reproduction or cloning.

Analog-to-Digital Converter

A device or system that converts an analog signal, such as a sound picked up by a microphone or light entering a digital camera, into a digital signal.