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

question 44

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,Accounts receivable,Inventory,Bills receivable
• B)Non-current assets,Inventory,Bills receivable,Cash
• C)Cash,Inventory,Bills receivable,Accounts receivable
• D)Bills Receivable,Inventory,Accounts receivable,Cash

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Definitions:

Justification Motive

The psychological drive to rationalize one's actions, beliefs, or decisions, often to preserve self-esteem or avoid cognitive dissonance.

Appraisal Motive

The drive to understand oneself and others, assessing motivations, emotions, and behaviors for comprehension.

Personal Trainer

A fitness professional who creates customized exercise programs and provides one-on-one coaching to help individuals achieve their fitness and health goals.

10K Marathon

A long-distance running event of 10 kilometers, often involving competitive or recreational participation.