1. In general, what is changing as you read down the left hand side of a balance sheet?

a. The assets are more fully depreciated.

b. The assets are growing in value.

c. The assets are increasing in maturity.

d. The assets are becoming less liquid.

2. Which of the following items should not be included in a listing of current assets?

a. Marketable securities

b. Accounts payable

c. Accounts receivable

d. Inventories