A balance sheet lists assets in order of their ________.
A) dollar value, from smallest to largest
B) date of acquisition, with the most recently acquired assets listed first
C) liquidity, with the most liquid assets listed first
D) income generating ability

Question

Quizplus · Accepted Answer

A balance sheet lists assets in order of liquidity, meaning the most liquid assets (those that can easily be converted to cash) are listed first. This provides investors and analysts with a clear picture of the company's financial health and ability to meet its short-term obligations.

A Balance Sheet Lists Assets in Order of Their ________