Assets should be listed in order by ______________________ on the balance sheet.
a. order that is alphabetical
b. order of liquidity
c. order that is chronological
d. order from lowest to highest amount
Ans: b. order of liquidity
Business
You might also like to view...
James was injured in an auto accident caused by another motorist's negligence. He received severe facial lacerations and injured his back in the accident
In payment for his pain, suffering, and disfigurement, losses which cannot be specifically itemized, James will receive A) punitive damages. B) special damages. C) imputed damages. D) general damages.
Business
Add-on refers to the other costs that rise when wage rates are increased
Indicate whether the statement is true or false
Business