Which of the following is the most appropriate way to display liabilities on the balance sheet? a. alphabetically by payee b. relative likelihood of payment c. nearness to maturity d. All of these answer choices are correct.

Which of the following is the most appropriate way to display liabilities on the balance sheet? a. alphabetically by payee b. relative likelihood of payment c. nearness to maturity d. All of these answer choices are correct.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 4DQ

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Question

Which of the following is the most appropriate way to display liabilities on the balance sheet?

a. alphabetically by payee

b. relative likelihood of payment

c. nearness to maturity

d. All of these answer choices are correct.

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