Under ASPE, current liabilities are usually listed
A) after long-term debt on the balance sheet.
B) in order of liquidity on the balance sheet.
C) in order of maturity on the balance sheet.
D) in increasing order of magnitude on the balance sheet.

Question

Quizplus · Accepted Answer

Current liabilities are typically listed in order of liquidity on the balance sheet under ASPE. This means that the most liquid liabilities are listed first, followed by the less liquid liabilities.

Under ASPE, Current Liabilities Are Usually Listed