Ask Question
BusinessBusiness
19 November, 00:47

Assets are recorded in the balance sheet in order of: Select one:

A. Maturity

B. Market value

C. Liquidity

D. Historic value

+1
Answers (1)
  1. 19 November, 02:02
    0
    (C)

    Explanation:

    Liquidity refers to how quickly or readily an asset is convertible into cash.

    Following the order of liquidity, cash in hand is the most liquid item and hence it is presented first in the balance sheet. Similarly, marketable securities are highly liquid. These are followed by accounts receivables, inventory, fixed assets and lastly intangibles such as Goodwill, Patents etc are presented.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Assets are recorded in the balance sheet in order of: Select one: A. Maturity B. Market value C. Liquidity D. Historic value ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following goods best fit the characteristics of a private good? a. national defense b. fire protection c. an ice-cream cone d. a professor giving a lecture in a large classroom e. disease prevention
Answers (1)
On January 1, 2014, Aster Motors Inc.'s retained earnings were $57,000. During the year, it paid dividends of $32,000 and earned a net income of $30,000. What is the retained earning of Aster Inc. for the year that ended December 31, 2014? A.
Answers (1)
Giada Foods reported $940 million in income before income taxes for 2011, its first year of operations. Tax depreciation exceeded depreciation for financial reporting purposes by $100 million.
Answers (1)
there are a number of things that you can do to protect yourself from falls in the workplace. These include using fall protection equipment and using ladders safely. What else can you do? A Safety Data Sheet (SDS) gives information а bout:
Answers (1)
At March 31, the end of the first month of operations, the usual adjusting entry transferring prepaid insurance expired to an expense account is omitted.
Answers (1)
New Questions in Business
What, if anything, should you do to correct the following sentence? He has the ability to affect the outcome, but he's not likely to take that chance. A. Nothing. The sentence is correct as it stands. B. Change affect to effect. C.
Answers (2)
Tom has a life insurance policy with a $1.8 million benefit. If this money was put into an account with a 4.5% interest rate, how much income can his beneficiaries expect in case Freddy dies
Answers (1)
The exchange of information among dns servers regarding configured zones is known as:
Answers (1)
Deep Water Marina has 12,000 shares of stock outstanding that were sold to the general public last year.
Answers (1)
What is the standard deviation of 800 and 56
Answers (1)
Home » Business » Assets are recorded in the balance sheet in order of: Select one: A. Maturity B. Market value C. Liquidity D. Historic value
Sign Up Forgot Password?