What is the order in which assets are generally listed on a classified balance sheet?
A) Current and long-term
B) Current; property plant and equipment; long-term investments; intangible assets
C) Current; property plant and equipment; intangible assets; long-term investments
D) Current; long-term investments; property plant and equipment; intangible assets

Question

Quizplus · Accepted Answer

Assets on a classified balance sheet are generally listed in the order of liquidity, starting with the most liquid assets (current assets), followed by long-term investments, property, plant, and equipment (PP&E), and finally intangible assets.

What Is the Order in Which Assets Are Generally Listed