Assets are listed in the order of their ________ on the balance sheet.
A) magnitude
B) dates of purchase
C) liquidity
D) durability

Question

Quizplus · Accepted Answer

Assets are typically listed in order of liquidity, which refers to their ability to be converted into cash quickly without a significant loss in value. This helps investors and creditors assess the company's ability to pay its debts in the short-term.

Assets Are Listed in the Order of Their ________ on the Balance