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The Following Is the Proper Order for Assets on a Balance

Question 31

Multiple Choice

The following is the proper order for assets on a balance sheet:


A) Cash, intangibles, inventories, and long-term investments.
B) Cash, accounts receivable, property, plant and equipment, and long-term investments.
C) Cash, long-term investments, property, plant and equipment, and intangibles.
D) Cash, long-term investments, prepaid expenses and property, plant and equipment.

Correct Answer:

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