In What Order Are Current Assets Listed on a Balance

question 59

Multiple Choice

In what order are current assets listed on a balance sheet?

• A)By dollar amount (largest first).
• B)By date of acquisition (earliest first).
• C)By liquidity.
• D)By relevance to the operation of the business.

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Definitions:

Accounting Number Format

A style of formatting numbers in financial documents that aligns currency symbols and decimal points, making it easier to read financial statements.

Decimal Places

The positions to the right of a decimal point in a number, representing fractions of a whole and determining precision.

Last Actions

The most recent operations or activities performed in a software application or in the execution of a task or project.

Overflow Characters

Text or characters that exceed the designated space provided for display or input, often leading to truncation or scrolling.