On the Statement of Financial Position,how Are Assets and Liabilities

Multiple Choice

On the statement of financial position,how are assets and liabilities normally presented?

A) Assets are presented in their order of permanence;liabilities are presented in the order in which they become due.
B) Assets are presented in the order in which they become due;liabilities are presented in their order of permanence.
C) Assets are presented in order of profitability;liabilities are presented in order of liquidity.
D) Assets are presented in order of liquidity;liabilities are presented in order of profitability.