8. The correct order of presentation in a classified balance sheet for the following current assets is a) accounts receivable, cash, prepaid insurance, inventories. Business Administration Program Final Assessment Semester Fall 2020 Page 2 b) cash, Inventories, accounts receivable, prepaid insurance. c) cash, accounts receivable, inventories, prepaid insurance. d) inventories, cash, accounts receivable, prepaid insurance. 9. The reconciling item in a bank reconciliation that will result in an adjusting entry by the depositor is a) outstanding checks b) a bank error. c) deposit in transit d) bank service charges 10. Which of the following approaches for bad debts is best described as a balance sheet method? a) Percentage-of-receivables basis b) Direct write-off method c) Percentage-of-sales basis d) Both a and b marksi