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25:30 Remaining Time: 24 minutes, 28 seconds Question Completion Status Moving to another question will save this response Question 23 Which of the following correctly describes items appearing on the balance sheet? Assets section provides answers to how a corporate raised necessary capital OLong-term liabilities are the money that a company owes due less than one yea Ch Non-current assets include land, buildings, and account receivabies O Current assets are listed by the order of liquidity Moving to another question wine ms nepon. IMG 2778UPG Pro ????(9.0M)

Explanation / Answer

The correct statement is – Current Assets are listed by the order of liquidity

Because of this cash appears in first as it is the most liquid asset. After cash marketable security is most liquid asset followed by accounts receivable and inventory.

(Option you selected was wrong because accounts receivable is a current asset)

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