Current assets are normally listed on the balance sheet in the order of
Current assets are normally listed on the balance sheet in the order of
| There is no specific order for current assets. | |
| the most liquid to the least liquid. | |
| the most commonly used to the least commonly used. | |
| the largest dollar amount to the smallest dollar amount. |
4.
In the basic framework, a firm can allocate net income to one of two items. These two items are
| dividends and common stock. | |
| dividends and retained earnings. | |
| inventory and retained earnings. | |
| additional paid in capital and retained earnings. |
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