Assets are listed in order of ________ on the balance sheet.
A) amount
B) date of purchase
C) liquidity
D) durability

Name: Assets are listed in order of ________ on the balance sheet. A) amount B) date of purchase C) liquidity D) durability
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Question

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Assets are listed in order of liquidity on the balance sheet, which means that the most liquid assets (easily convertible to cash) are listed first and the least liquid assets are listed last.

Assets Are Listed in Order of ________ on the Balance