In What Order Are Current Assets Usually Reported on the Balance

question 32

Multiple Choice

In what order are current assets usually reported on the balance sheet?

• A)From the most liquid to the least liquid.
• B)From the least liquid to the most liquid.
• C)In alphabetical order of accounts.
• D)From the largest balance to the smallest balance.

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Definitions:

Evaluate

The process of calculating the value of an expression.

Calculate

To ascertain by mathematical methods; to solve or compute.

Verify

To check or test the accuracy, truth, or quality of something.

Verify

To confirm the accuracy, truth, or validity of something through examination or comparison.