Homework Answers
Solution: The answer is
a) Assets in order of liquidity, beginning with cash and assets in reverse order of liquidity, beginning with intangible assets.
Reason:
1) In Balance Sheet, Assets are disclosed in liquidity order beginning with cash as it is a common practice and at the same time assets listed beginning with intangible assets based on requirement.
2) Remaining options b,c,d are incorrect because in those options along with assets there is discussion about liability also which is not asked in the question.
So, remaining options b,c,d are incorrect.
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