Which of these is true about the balance statement? Question 1 options: a) It ac

Question

Which of these is true about the balance statement?

Question 1 options:

a)

It accounts for uncollectable accounts receivable

b)

It lists assets in order of liquidity, from most liquid to least liquid

c)

All of these

d)

It presents property and equipment as net of accumulated depreciation

a)

It accounts for uncollectable accounts receivable

b)

It lists assets in order of liquidity, from most liquid to least liquid

c)

All of these

d)

It presents property and equipment as net of accumulated depreciation

Explanation / Answer

Answer is option (c) All of these.

Balance Statement accounts for uncollectable accounts receivable. It lists assets in order of liquidity, from most liquid to least liquid. It presents property and equipment as net of accumulated depreciation.

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