The correct order of presentation in a classified balance sheet for the - 14285

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Request Description

 

The correct order of presentation in a classified balance sheet for the following current assets is:

 

·       cash, accounts receivable, inventories, prepaid insurance

 

 

·       inventories, cash, accounts receivable, prepaid insurance

 

 

·       accounts receivable, cash, prepaid insurance, inventories

 

 

·       cash, inventories, accounts receivable, prepaid insurance

Solution Description

 

 

The correct order of presentation in a classified balance sheet for the following current assets is: