Question
19. In presenting a statement of financial position,
Philippine companies normally present
A. Current assets before non-current assets, current
liabilities before non-current liabilities and equity after
liabilities.
B. Non-current assets
before current assets, non-
current liabilities
before current liabilities and equity
after liabilities.
C. Current assets before non-current assets, non-
current liabilities before current liabilities and equity
after liabilities.
D. Non-current
assets before current assets, current
liabilities before non-current liabilities and equity after
liabilities.
Answer
A. Current assets before non-current assets, current liabilities before non-current liabilities and equity after liabilities.