Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 2 - A Further Look at Financial Statements - Self-Test Questions: 2

Answer

The answer is letter "A"

Work Step by Step

The reason is that Current assets are listed: By order of expected conversion to cash because at the end the final purpose of a current asset is to be converted into cash within one year or its operation cycle, whichever it is longer
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