Assets Are Listed on the Balance Sheet in Order of Liquidity.Which

question 156

Multiple Choice

Assets are listed on the balance sheet in order of liquidity.Which of the following items reflects the normal order of liquidity?

• A) Cash, Inventory, Notes receivable, Accounts receivable
• B) Notes Receivable, Inventory, Accounts receivable, Cash
• C) Cash, Accounts receivable, Inventory, Notes receivable
• D) Plant assets, Inventory, Notes receivable, Cash

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