On a classified statement of financial position, current assets are often listed
A) in alphabetical order.
B) with the largest dollar amounts first.
C) in the order in which they are expected to be converted into cash.
D) in the order of acquisition.

Question

Quizplus · Accepted Answer

Current assets are listed in the order of liquidity, meaning the order in which they are expected to be converted into cash.

On a Classified Statement of Financial Position, Current Assets Are