On a classified balance sheet of a Canadian company, current assets are customarily listed
A) in alphabetical order.
B) with the largest dollar amounts first.
C) in the order of liquidity.
D) in the order of acquisition.

Question

Quizplus · Accepted Answer

Current assets on a classified balance sheet are typically listed in the order of liquidity, meaning the ease with which they can be converted into cash. This helps in assessing the company's short-term financial health and liquidity position.

On a Classified Balance Sheet of a Canadian Company, Current