Which of the following assets would most likely be listed la

Which of the following assets would most likely be listed last on a statement of financial position? Select one: O a. Land. O b. Cash. O c. Accounts receivable. O d. Equipment.

Solution

correct option is \"D\" -Equipment

Current asset are always placed before non current asset .Cash and accounts receivable are classified as current asset so they are always placed above before other given asset,

Land and equipment are non current asset .However land is classified as plant asset before equipment in statement of financial position

so equipment is listed last on statement of financial position.