Under IFRS, the Correct Order to Present Current Assets Is

Multiple Choice

Under IFRS, the correct order to present current assets is:

A) Cash, accounts receivable, prepaid items, inventories.
B) Cash, accounts receivable, inventories, prepaid items.
C) Cash, inventories, accounts receivable, prepaid items.
D) There is no required order under IFRS; current assets may be presented by liquidity or reverse liquidity, or in whatever order provides the most benefit to financial statement users.