Which of the following is the proper order to list current assets on the Statement of Financial Position?
A) Cash, Short-Term Investments, Inventory, Prepaid Expenses
B) Cash, Short-Term Investments, Prepaid Expenses, Accounts Receivable
C) Cash, Inventory, Accounts Receivable, Short-Term Investments
D) Cash, Accounts Receivable, Short-Term Investments, Inventory

Question

Quizplus · Accepted Answer

Cash is the most liquid asset, followed by short-term investments, inventory, and prepaid expenses.

Which of the Following Is the Proper Order to List