The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2014: The current assets should be listed on Huang's statement of financial position in the following order
A) accounts receivable, prepaid insurance, equipment, cash.
B) accounts receivable, prepaid insurance, supplies, cash.
C) prepaid insurance, supplies, accounts, receivable, cash.
D) equipment, supplies, prepaid insurance, accounts receivable, cash.

Question

The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2014:  The current assets should be listed on Huang's statement of financial position in the following order
A) accounts receivable, prepaid insurance, equipment, cash. 
B) accounts receivable, prepaid insurance, supplies, cash. 
C) prepaid insurance, supplies, accounts, receivable, cash. 
D) equipment, supplies, prepaid insurance, accounts receivable, cash.

Quizplus · Accepted Answer

The Answer of The following items (in thousands) are taken from the financial statements of Huang Company for the year ending December 31, 2014:  The current assets should be listed on Huang's statement of financial position in the following order
A) accounts receivable, prepaid insurance, equipment, cash. 
B) accounts receivable, prepaid insurance, supplies, cash. 
C) prepaid insurance, supplies, accounts, receivable, cash. 
D) equipment, supplies, prepaid insurance, accounts receivable, cash.

The Following Items (In Thousands) Are Taken from the Financial