Question

Which of the following is the correct balance sheet presentation for current assets? Multiple Choice Marketable securities, cash, accounts receivable, prepaid expenses. Cash, inventories, account receivables, prepaid expenses. Cash equivalents, cash, other current assets, accounts receivable. Cash, accounts receivable, inventories, prepaid expenses, other current assets.

Answer 1

Answer:

Cash, accounts receivable, inventories, prepaid expenses, other current assets.

Explanation:

"Current Assets" are the group of accounting accounts that record cash and cash equivalents (cash, bank accounts and short-term investments), marketable securities (such as trade receivables), inventories and other short-term receivables. as advance to suppliers and employees. In summary, we can state that the correct presentation of the balance sheet for current assets refers to cash, accounts receivable, inventories, prepaid expenses, other current assets.