Assets are listed on a classified balance sheet in which of the following ways?
A)In alphabetical order.
B)From the largest dollar amount to the lowest dollar amount.
C)Beginning with noncurrent assets and ending with current assets.
D)Starting with cash.

Question

Quizplus · Accepted Answer

Assets on a classified balance sheet are typically listed starting with the most liquid assets, such as cash, followed by other current assets and then noncurrent assets.

Assets Are Listed on a Classified Balance Sheet in Which