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The overriding criterion by which accounting information can be judged is that of A. usefulness for decision making. B. freedom from bias. C.timeliness. D. comparability.

The overriding criterion by which accounting information can be judged is that of

A. usefulness for decision making.

B. freedom from bias.

C.timeliness.

D. comparability.

The correct order to present current assets is

A. cash, accounts receivable, prepaid items, and inventories.

B. cash, accounts receivable, inventories, and prepaid items.

C. cash, inventories, accounts receivable, and prepaid items.

D. cash, inventories, prepaid items, and accounts receivable.

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