A balance sheet lists assets in order of their _______________.
A)Dollar value,from smallest to largest
B)Date of acquisition,with the most recently acquired assets listed first
C)Liquidity,with the most liquid assets listed first
D)Income generating ability

Question

Quizplus · Accepted Answer

Assets are typically listed in order of liquidity, meaning how quickly and easily they can be converted into cash. This allows businesses and investors to quickly see how much cash and cash equivalents are available for use.

A Balance Sheet Lists Assets in Order of Their _______________