Under ASPE, Current Liabilities are usually listed
A) after long-term debt on the balance sheet.
B) in order of liquidity on the balance sheet.
C) in order of maturity on the balance sheet.
D) in increasing order of magnitude on the balance sheet.

Question

Quizplus · Accepted Answer

Current Liabilities are usually listed in order of liquidity on the balance sheet. This means that the most liquid assets are listed first, followed by the least liquid assets.

Under ASPE, Current Liabilities Are Usually Listed