Current assets are listed on the balance sheet in order of liquidity.
举一反三
- The classification of assets and liabilities as current or long-term depends on （ ）. A: The relative liquidity of the item B: Whether they appear on the balance sheet or the income statement C: Their order of listing in the ledger D: The format of the balance sheet
- Current assets are presented in the order of liquidity or convertibility into cash; while current liabilities are listed in the order that they come due.
- Current assets are presented in the order of liquidity or convertibility into cash; while current liabilities are listed in the order that they come due. A: 正确 B: 错误
- If a company presents its balance sheet in a format that includes subtotals for current assets, current liabilities, noncurrent assets, and noncurrent liabilities, it is most likely presented:（） A: in an account format. B: as a classified balance sheet. C: as a functional balance sheet.
- The balance sheet provides a snapshot of the firm’s assets and liabilities.