PRC-1 · Chapter 10 · Question 49 of 100
The 'Marshalling' of assets in the Statement of Financial Position usually refers to presenting them in order of:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Liquidity or permanence.
Explanation
Marshalling is the arrangement of assets and liabilities in a specific order, typically either by permanence (most permanent assets like land first) or liquidity (most liquid assets like cash first).
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