Under U.S.GAAP, assets and liabilities are listed on the balance sheet in order of decreasing liquidity, so the most liquid assets (liabilities) are shown first, under their respective categories.

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Under U.S. GAAP, assets and liabilities are generally presented on the balance sheet in order of decreasing liquidity, with the most liquid assets (or liabilities) shown first within their respective categories.

Under USGAAP, Assets and Liabilities Are Listed on the Balance Sheet