The Usual Order for the Asset Section of a Classified

question 63

Multiple Choice

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

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