In What Order, Would the Assets of Any Company Be

question 73

Multiple Choice

In what order, would the assets of Any Company be listed on their statement of financial position?

• A) Cash, Trade Receivables, Inventory, Plant and Equipment.
• B) Cash, Inventory, Trade Receivables, Plant and Equipment.
• C) Cash, Trade Receivables, Marketable Securities, Inventory.
• D) Cash, Trade Receivables, Plant and Equipment, Inventory.

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Definitions:

Good Continuation

A Gestalt principle of perceptual organization that states that elements that appear to follow in the same direction are more likely to be seen as a continuous whole.

Contiguity

A principle of learning based on the idea that events occurring together in time or space are readily associated with each other.

Ossicles

The three small bones in the middle ear (the malleus, incus, and stapes) that transmit sound vibrations from the eardrum to the inner ear.

Latin Names

The system of naming living organisms and diseases with Latin or Latinized words, used for scientific classification in taxonomy and medicine.