Under U. S. GAAP, assets are presented in decreasing order of liquidity. Under IFRS, Multiple Choice the current assets are displayed in increasing order of liquidity. investments are listed first in descending order of maturity. a company may present its assets in alphabetical order if it so desires. tangible assets may be presented first followed by the current assets displayed in increasing order of liquidity.

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

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