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Petra, Inc. has $400,000 in current assets, $1.25 million in plant and equipment, and $250,000 in goodwill. In what order should these assets be reported
Petra, Inc. has $400,000 in current assets, $1.25 million in plant and equipment, and $250,000 in goodwill. In what order should these assets be reported on the balance sheet?
A) plant and equipment, currents assets, goodwill | ||
B) goodwill, plant and equipment, current assets | ||
C) there is no correct ordering of these assets on the balance sheet | ||
D) current assets, plant and equipment, goodwill |
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