A company under IFRS has the following: Long-term assets: \$500,000, Current assets: \$200,000, Equity: \$400,000, Non-current liabilities: \$200,000, Current liabilities: \$100,000. How would these be presented in the statement of financial position?

• A. Assets: Current first, then long-term; Equity first, then current liabilities, then non-current liabilities.
• B. Assets: Long-term first, then current; Current liabilities first, then equity, then non-current liabilities.
• C. Assets: Current first, then long-term; Non-current liabilities first, then equity, then current liabilities.
• D. Assets: Long-term first, then current; Equity first, then non-current liabilities, then current liabilities.

Answer: (D)