Indicate the Order That the Following Current Assets Should Be

question 48

Multiple Choice

Indicate the order that the following current assets should be listed in the balance sheet.
I Accounts receivable
II Bank
III Stock of stationery
IV Prepaid expenses

• A) I, II, III, IV
• B) II, III, I, IV
• C) II, I, III, IV
• D) III, II, I, IV

---

Definitions:

Accumulated Costs

Total expenses or investments gathered over a period, which may include fixed, variable, direct, and indirect costs.

Raw Materials Used

Resources consumed in the production process to create goods and services.

Factory Labor Used

The total hours worked or costs incurred for labor directly involved in the production process of a manufacturing facility.

Factory Labor Costs

Expenses associated with employing workers in a manufacturing facility, including wages, benefits, and other related costs.