Under IFRS, companies list current assets on the statement of financial position in the reverse order in which they expect to convert them to cash.

The correct order of presentation in a classified statement of financial position for the following current assets using IFRS is

inventories, cash, accounts receivable, prepaid insurance.

prepaid insurance, inventories, accounts receivable, cash.

accounts receivable, cash, prepaid insurance, inventories.

cash, inventories, accounts receivable, prepaid insurance.