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In GAAP, how are assets and liabilities typically arranged on the balance sheet? O O...

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Accounting

In GAAP, how are assets and liabilities typically arranged on the balance sheet? O O

Assets in order of liquidity; liabilities in order of commitment

Assets in order of payment priority; liabilities in order of liquidity

Assets in order of liquidity, liabilities in order of payment priority

Assets in order of maturity; liabilities in order of liquidity

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