Which of the following presents assets in the correct balance sheet order?
A) marketable securities, equipment, prepaid insurance, inventory
B) cash, inventory, equipment
C) accounts receivable, buildings, inventory, land
D) buildings, prepaid expenses, inventory, equipment

Question

Quizplus · Accepted Answer

Assets on a balance sheet are typically presented in order of liquidity, starting with the most liquid assets. The correct order is cash, followed by inventory, and then fixed assets like equipment.

Which of the Following Presents Assets in the Correct Balance