The correct order to present current assets is
cash, accounts receivable, prepaid items, inventories.
b. inventories, receivables, prepaid items, cash.
cash, inventories, accounts receivable, prepaid items.
inventories, prepaid items, accounts receivable, cash.
The basis for classifying assets as current or noncurrent is conversion to cash within
The basis for classifying assets as current or noncurrent is the period of time normally
required by the accounting entity to convert cash invested in
The current assets section of the statement of financial position should include