The Usual Order for the Asset Section of a Classified

question 137

Multiple Choice

The usual order for the asset section of a classified balance sheet is:

• A)Current assets, prepaid expenses, long-term investments, intangible assets.
• B)Long-term investments, current assets, plant assets, intangible assets.
• C)Current assets, long-term investments, plant assets, intangible assets.
• D)Intangible assets, current assets, long-term investments, plant assets.
• E)Plant assets, intangible assets, long-term investments, current assets.

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Definitions:

Keyboards

Input devices used to enter characters and functions into a computer system by pressing keys.

Tapes

Refers to magnetic tape used for storing data, traditionally utilized in backup, archival, and data transportation.

System Program

A type of computer program designed to operate, control, and extend the processing capabilities of the computer itself.

Operating System

The software that manages the hardware and software resources of a computer, and provides common services for computer programs.