QUESTION 13 The relationship between current assets and current liabilities is important in evaluating a company's O profitability liquidity. market value. accounting cycle. QUESTION 14 The report form of the balance sheet is identical to the account form. lists the asset section to the left and the liabilities and stockholders' equity sections to the right. shows assets above liabilities and stockholders' equity. lists assets to the left, liabilities in the middle, and stockholders' equity to the right