Question 9) Long-lived assets without physical substance are a. listed directly under current assets on the statement of financial position. b. not listed on the statement of financial position because they do not have physical substance. c. listed as intangible assets on the statement of financial position. d. listed as a long-term investment on the statement of financial position. e. listed as non-current liabilities. Question 8) On a classified statement of financial position, current assets are often listed O a. in alphabetical order. b. with the largest dollar amounts first. c. in the order in which they are expected to be converted into cash. O d. in the order of acquisition. e. in the order of permanency. e. Question 7) Which of the following is not considered to be an asset? O a. equipment Ob. copyright c. accounts receivable d. inventory e, dividends declared