Which statement is not true? current assets are normally reported in order of their liquidity. cash and cash equivalents are the first items reported under current assets. disclosures related to receivables are reported on the financial statement notes. all receivables that are expected to be realized in cash beyond 265 days are reported in the non-current assets section?

You receive a memo from the vice president of procurement responding to your query. he writes: “it will be very important to maintain product continuity. we have a large base of devoted customers. we want to make sure that the quality and key characteristics of island knight stay the same through this transition. talk to frank, our consulting professional perfumer, for more information about the cologne. seasonal variations in costs are the single most significant factor in our deciding to go with another supplier, so finding a way to limit that should be the top priority. the overall marginal costs and shipping costs are probably somewhat less significant. you may want to talk to cindy, the product manager for island knight, regarding pricing information about the product.” what is the best action to take next?