Which of the following is not acceptable treatment for the presentation of current liabilities?
A) Listing current liabilities in order of maturity
B) Listing current liabilities according to amount
C) Offsetting current liabilities against assets that are to be applied to their liquidation
D) Showing current liabilities in order of liquidation preference.
Correct Answer:
Verified
Q63: Contingent assets need not be disclosed in
Q64: What condition is necessary to recognize an
Q65: Which of the following is the proper
Q66: Provisions are contingent liabilities which are accrued
Q67: All of the following are true regarding
Q69: Which of the following best describes the
Q70: A contingent liability
A)always exists as a liability
Q71: Examples of contingent assets include all of
Q72: Which of the following is not to
Q96: How do you determine the acid-test ratio?
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents