Answer :
Answer:
c. immediately after the property, plant, and equipment.
Explanation:
We must remember than the assets must be listed in a decreasing order of liquidity that is, the closer the asset is to be converted to cash, the higher is on the list
so we ussually got:
current assets
cash
account receivable (cash we have to collect)
inventory (we need to sale and collect to make it cash)
non-current assets
PPE (is not easy to sale a 10 floor building or an iron-cast furnance)
Intangible assets
How can we sale our goodwill ? The only way to do so is by selling the business entirely.
How can we sale a patent ? we need to findsomeone willing to purchased, agree to a price and collected
As notice intangibles are less liquid hant PPE thus; we need to place it below PPE