Pam's Copy Shop is in the process of organizing its assets in the appropriate order.They ask you for help in arranging the following assets: equipment,accounts receivable,cash,merchandise inventory,and notes receivable.You list ____ first and ____ last.
A) merchandise inventory;notes receivable
B) accounts receivable;equipment
C) notes receivable;accounts receivable
D) equipment;accounts receivable
E) cash;equipment

Question

Quizplus · Accepted Answer

Assets are typically listed in order of liquidity, with cash being the most liquid and equipment being the least liquid among the given options.

Pam's Copy Shop Is in the Process of Organizing Its