In What Order Would the Assets of Mertz Company Be

question 56

Multiple Choice

In what order would the assets of Mertz Company be listed on their statement of financial positiont?

• A)Cash,Trade Receivables,Inventory,Plant and Equipment.
• B)Cash,Inventory,Trade Receivables,Plant and Equipment.
• C)Cash,Trade Receivables,Marketable Securities,Inventory.
• D)Cash,Trade Receivables,Plant and Equipment,Inventory.

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Definitions:

Private Sector

Part of the economy that is run by individuals and companies for profit and is not under direct state control.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and operating a business with the aim of making a profit.

Third Party

An entity involved in a transaction besides the two main parties; in insurance, the person other than the policyholder and the insurer who may be affected by or have a claim against the policy.

Costs

The amount that must be paid or spent to buy or obtain something.