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This posting addresses the proper order of current assets.

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Are the assets included under this company's current assets listed in the proper order? Should the deposits be listed before the receivable from Del Taco LLC? Please explain your answer either way.

Assets
Current Assets:
Cash
Receivable from Del Taco LLC
Deposits

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Solution Summary

The solution provides a discussion on the proper order for Del Taco LLC's current assets, including how the deposits should be listed.

Solution Preview

No, the assets are no listed in the proper order. The cash should be listed first, deposits would be second, and the A/R would be ...

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