Cash

inventories

prepaid insurance 

All are correct

Assets are sorted by liquidity - from more liquid (current assets) to less liquid (non-current assets). Secondly,  liabilities are sorted by payment - starting with those that are due in the short run (current liabilities) and finishing with those that will be paid back in the long run (owner’s equity and long-term liabilities).

assets are sorted by liquidity - from less liquid (long-term assets) to more liquid (current assets) - and liabilities are sorted by payment - starting with those that will be paid back in the long run (owner’s equity and long-term liabilities) and finishing with those that are due in the short run (current liabilities)

Lists assets first, followed by liabilities and stockholders’ equity

A, B & C

according to regulation of entities

a period time

a specific point in time.

All are correct

Items of ownership convertible into cash

Total resources of a person or business, as cash, notes and accounts receivable

Securities and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (as opposed to liabilities)

All are correct

2

5

3

4

Meet future debt obligations

Items measured at the current value reflect the value that was current at the end of the reporting period. These values can, however, change significantly after the balance sheet is prepared

Items on the balance sheet are not all measured in the same manner

B & C

To Know the Business Net Worth

To Determine If Working Capital is Enough

Items on the balance sheet are not all measured in the same manner

Non-current Liabilities

Current assets.

Current Liabilities

All are correct

inventory in the balance sheet

non-current assets

current assets

Liabilities