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:

Trend Analysis

The practice of collecting information and attempting to spot a pattern, often used in financial markets, business intelligence, and research fields.

Strategic Plans

Long-term, forward-looking approaches with overarching goals and objectives that guide the direction of an organization.

Grand Strategy

A comprehensive, long-term plan that outlines an organization's or nation's overarching goals and the means to achieve them.

Cross-Functional Teams

Groups composed of members from different departmental or functional backgrounds working together towards a common goal.