The Usual Order for the Asset Subgroups of a Classified

question 175

Multiple Choice

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

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

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