Under USGAAP,assets Are Presented in Decreasing Order of Liquidity

question 102

Multiple Choice

Under U.S.GAAP,assets are presented in decreasing order of liquidity.Under IFRS,

• A)fixed assets may be presented first followed by the current assets displayed in increasing order of liquidity.
• B)the current assets are displayed in increasing order of liquidity.
• C)investments are listed first in descending order of maturity.
• D)a company may present its assets in alphabetical order if it so desires.