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24) Balance sheets developed under US GAAP 0000 must list assets from most liquid to least liquid. must list assets from least liquid to most liquid. must list assets in alphabetical order. may, but are not required to, list assets from most liquid to least liquid.

24) Balance sheets developed under US GAAP 0000 must list assets from most liquid to least liquid. must list assets from least liquid to most liquid. must list assets in alphabetical order. may, but are not required to, list assets from most liquid to least liquid.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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24) Balance sheets developed under US GAAP 0000 must list assets from most liquid to least liquid. must list assets from least liquid to most liquid. must list assets in alphabetical order. may, but are not required to, list assets from most liquid to least liquid.
Transcribed Image Text:24) Balance sheets developed under US GAAP 0000 must list assets from most liquid to least liquid. must list assets from least liquid to most liquid. must list assets in alphabetical order. may, but are not required to, list assets from most liquid to least liquid.
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