Each of these categories of assets is normally shown in the balance sheet at current value, except:

Question

Quizplus · Accepted Answer

Inventories are typically shown at lower of cost or net realizable value, which may be below current value.

Answer: B 
 Accounts receivable are also typically shown at net realizable value, which may be below current value.

Answer: C 
 Short-term investments in securities are shown at market value, which is their current value.

Answer: D 
 Cash is shown at its face value, which is its current value.

Each of These Categories of Assets Is Normally Shown in the Balance