Asset accounts on the balance sheet are listed in order of
A)liquidity.
B)profitability.
C)size.
D)importance.

Name: Asset accounts on the balance sheet are listed in order of A)liquidity. B)profitability. C)size. D)importance.
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Question

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Asset accounts on the balance sheet are listed in order of liquidity, meaning how quickly they can be converted into cash. This is important for understanding a company's ability to pay off its debts and cover its expenses.

Asset Accounts on the Balance Sheet Are Listed in Order