4

Choose the correct statement about the balance sheet. O in recent times, new accounting standards have emphasized income measurement rather than balance sheet measurement the amount reported for total assets represents a single measurement attribute O inventory and prepaids generally are reported at the end (bottom) of the list of current assets O balance sheets are dated: "For the Year Ended, Dec. 31, Year xx all three account types found on the balance sheet are classified into their current and noncurrent portions