Question: Current assets are presented in the balance sheet in a . ascending order of their balances. c . order of their liquidity. d . reverse

Current assets are presented in the balance sheet in
a. ascending order of their balances.
c. order of their liquidity.
d. reverse order of their liquidity.
b. descending order of their balances.
A change of depreciation method from straight line depreciation to double declining balance deprecation method is accounted for:
b. As a cumulative adjustment to income irdse year of change.
a. Prospectively, like changes in accounting estimates.
c. Retrospectively.
d. In a separate line item in the income statement.

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