WGU C213 Final Exam | 73 Questions and Answers
Order of assets listed on the balance sheet Correct Ans Assets are listed in the order of liquidity. Liquidity is the amount of time it would usually take to covert an asset into cash. Obviously, cash would be listed first, followed by marketable investments (a company can quickly convert a short- term investment into cash). Accounts receivable would be listed next followed by inventory, and long-term investments, fixed assets, and intangibles. Current assets are listed before long-term assets. Current liabilities are listed before long-term liabilities, but there is no specific order they are listed in outside of current and long-term.
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WGU C213
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wgu c213 final exam | 73 questions and answers