Which of the Following Presents the Proper Ordering of Assets

question 47

Multiple Choice

Which of the following presents the proper ordering of assets, liabilities and equities on the statement of financial position used by some countries that is different from the U.S.?

• A) current assets, long-term assets, current liabilities
• B) inventories, trade-receivables, cash
• C) assets, liabilities, equities
• D) current liabilities, long-term liabilities, equities

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, known for his theories about the unconscious mind and mechanisms of repression.

Unconscious Thoughts

Thoughts that are not currently in focal awareness or are repressed, influencing behaviors and perceptions without conscious realization.

Psychoanalysis

A method of therapy and a theory of the mind that emphasizes unconscious motives and conflicts as the roots of human behavior, developed by Sigmund Freud.

Free Associate

A psychoanalytic technique where the patient speaks freely to reveal unconscious thoughts and feelings.