The assets section of the balance sheet normally presents assets in________.

a.the order in which they will be converted into cash or used in operations
b.the order of smallest to largest dollar amounts
c.the order of largest to smallest dollar amounts
d.alphabetical order

Respuesta :

Answer:

The answer is A. the order in which they will be converted into cash or used in operations

Explanation:

Balance sheet prepared in this order is called Liquidity-Based Preparation - all assets and liabilities are presented broadly in order of liquidity.

It usually starts with current asset and non-current asset and current liabilities and non-current liabilities

Assets are never prepared in the the order of smallest to largest dollar amounts or largest to smallest.

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