In What Order Are Current Assets Listed on a Balance

question 59

Multiple Choice

In what order are current assets listed on a balance sheet?

• A)By dollar amount (largest first).
• B)By date of acquisition (earliest first).
• C)By liquidity.
• D)By relevance to the operation of the business.

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Definitions:

Sheldon Cohen

A psychologist known for his research on the effects of stress, social support, and the common cold on human health and well-being.

Inadequate

Lacking the quality or quantity required; insufficient for a purpose.

Biomedical

Pertaining to the application of the natural sciences, especially biology and physiology, to clinical medicine.

Educational Level

The highest degree or level of school completed by an individual, often affecting their job opportunities and social status.