12. Consider the classified Balance Sheet: Current assets are assets expected to be used or converted within year or operating cycle of the balance sheet date. They are presented on the balance sheet in the order of A) One; one; the alphabet B) One; two; highest balance of $$'s first C) One; one; smallest balance of $$'s first D) One; one; liquidity 13. Consider the classified Balance Sheet: Current liabilities represent debt expected to be paid in full within year or operating cycle of the balance sheet date. They are presented on the balance sheet in the order of A) One; one; the alphabet B) One; two; highest balance of $$'s first C) One; one; which ones are to be paid first D) One; one; smallest balance of $$'s first