How do firms report assets on the balance sheet?

A.

Under U.S. GAAP, only liquid assets are required to be reported on the balance sheet.

B.

Under U.S. GAAP, accounts receivables are presented first, followed by cash.

C.

Under U.S. GAAP, the most liquid assets are presented first, followed by the less liquid assets.

D.

U.S. GAAP does not require any specific presentation of assets on the balance sheet.