Business, 22.11.2019 23:31 dbhuggybearow6jng

The correct order to present current assets is
a. cash, inventories, prepaid items, accounts receivable.
b. cash, accounts receivable, inventories, prepaid items.
c. cash, accounts receivable, prepaid items, inventories
d. cash, inventories, accounts receivable, prepaid items.

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Answer from: lilzaya510

B. Cash, accounts receivable, inventories, prepaid items.

Explanation:

In the balance sheet, assets are presented in an orderly manner guided by the amount of time they take to convert into cash. Assets requiring the shortest time to convert into cash will appear first. Cash will always be on top as it does not require conversion.

Goodwill comes last as the business will have to be sold for it to turn into cash.

In the list provided, cash will appear first.Accounts receivable is money a business expects to receive from customers for goods or services provided. In practice, the money should be received within 60 daysInventories in assets refer to finished goods in the store. They are awaiting sales. Inventories will take longer as stocks have to be sold and become account receivable before converting to cash.Prepaid items are expenses paid before their due date. They appear in the balance sheet as cash assets because they have not been consumed. The expectation is that they will be utilized within the current year. Converting into cash them will require getting a refund from the recipient of the funds, which could be a lengthy process.

Answer from: Quest

Many things could be possible

Answer from: Quest

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

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The correct order to present current assets is
a. cash, inventories, prepaid items, accounts...

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