The classified balance sheet will show which asset subsections? a. other revenues and property, plant and equipment b. current assets and property, plant, and equipment c. current liabilities and short-term assets d. current assets and other equity
Business · High School · Sun Jan 24 2021
Answered on
The classified balance sheet typically displays various sections and subsections of assets, liabilities, and equity. Among the options provided:
b. current assets and property, plant, and equipment
The classified balance sheet usually separates assets into different categories, with current assets (such as cash, accounts receivable, inventory) listed separately from property, plant and equipment (long-term assets used in operations). This organization helps stakeholders understand the liquidity and long-term investment aspects of a company's assets.