Which of the following is the proper order of presentation in the current asset section on the balance sheet?
A)Cash, receivables, inventory, temporary investments, prepaid expenses
B)Cash, temporary investments, receivables, inventory, prepaid expenses
C)Cash, inventory, receivables, temporary investments, prepaid expenses
D)Cash, prepaid expenses, inventory, receivables, temporary investments

Question

Quizplus · Accepted Answer

The proper order of presentation in the current asset section on the balance sheet is usually Cash, Temporary investments, Accounts receivable, Inventory, and then Prepaid expenses (alphabetical order). Option B follows this order, making it the correct option.

Which of the Following Is the Proper Order of Presentation