Current Assets Are Listed on the Balance Sheet In

question 19

Multiple Choice

Current assets are listed on the balance sheet in:

• A) alphabetical order.
• B) order of liquidity.
• C) ascending order of value.
• D) descending order of value.
• E) order of solvency.

---

Definitions:

Keynes

Refers to John Maynard Keynes, a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and economic policies of governments.

Transactions Reasons

The underlying motives or justifications for conducting financial transactions or business operations.

Opportunity Costs

The price paid for not selecting the immediate alternative choice during decision-making.

Collection Float

The time period between when a check is deposited into a bank account and when the funds are available for use, affecting the cash flow of a business.