Financial Reporting and Analysis Q105

105With of the following is least likely correct with respect to the liquidity-based balance sheet format?

A
The liquidity-based format is more appropriate for a bank relative to a manufacturing company.
B
With a liquidity-based format assets are presented from most liquid to least liquid.
C
With a liquidity-based format liabilities are presented from least liquid to most liquid.

Option : C
Explanation : With a liquidity-based format assets and liabilities are presented from most liquid to least liquid. Such a presentation is appropriate for banks.

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