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What is the order in which assets are generally listed 


1.	What is the order in which assets are generally listed on a classified statement of financial position?
a.	Current and long-term.
b.	Intangible assets; long-term investments; property, plant, and equipment; current.
c.	Long-term investments; property, plant, and equipment; intangible assets; current 
d.	Intangible assets; property, plant, and equipment; long-term investments; current.


2.	These are selected account balances on December 31, 2011.
Land (location of the corporation- office building)	$100,000
Land (held for future use)	150,000
Corporate Office Building	600,000
Inventory	200,000
Equipment	450,000
Office Furniture	100,000
Accumulated Depreciation	300,000

What is the total amount of property, plant, and equipment that will appear on the statement of financial position?
a.	$1,300,000
b.	$1,100,000
c.	$1,600,000
d.	$950,000



3.	The following selected account balances appear on the December 31, 2011 statement of financial position of Chen Co.
Land (location of the corporation- office building)	$150,000
Land (held for future use)	225,000
Corporate Office Building	900,000
Inventory	300,000
Equipment	675,000
Office Furniture	150,000
Accumulated Depreciation	450,000
What is the total amount of property, plant, and equipment that will be reported on the statement of financial position?
a.	$1,950,000
b.	$1,650,000
c.	$2,400,000
d.	$1,425,000



4.	Which classification of assets will appear first in the Statement of Financial Position? 
a.	Current Assets.
b.	Long-term investments.
c.	Property,Plant and Equipment.
d.	Intangible Assets.


5.	Which classification of assets will appear last in the Statement of Financial Position? 
a.	Intangible Assets.
b.	Current Assets.
c.	Long-term investments.
d.	Property,Plant and Equipment.




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