The asset section of a classified balance sheet includes:
A) Current assets,long-term investments,property,plant and equipment,and intangible assets.
B) Current assets,long-term assets,equity,and intangible assets.
C) Current assets,long-term investments,property,plant and equipment,and withdrawals.
D) Current liabilities,long-term investments,property,plant and equipment,and intangible assets.
E) Current assets,liabilities,property,plant and equipment,and intangible assets.

Question

Quizplus · Accepted Answer

The asset section of a classified balance sheet includes current assets, long-term investments, property, plant and equipment, and intangible assets. The other options either include incorrect items or exclude necessary ones.

The Asset Section of a Classified Balance Sheet Includes