Based on liquidity, which item would appear after accounts receivable in the Current Asset section of the Balance Sheet?
A)inventory
B)cash
C)short-term (marketable)investments
D)Property, Plant, and Equipment

Question

Quizplus · Accepted Answer

Inventory typically appears after accounts receivable in the order of liquidity on the balance sheet. Cash and short-term investments are more liquid than accounts receivable, and property, plant, and equipment are long-term assets, not current assets.

Based on Liquidity, Which Item Would Appear After Accounts Receivable