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In a Classified Balance Sheet the Following Is NOT True

Question 47

Multiple Choice

In a classified balance sheet the following is NOT true:


A) The long term assets and liabilities are presented before the short term assets and liabilities.
B) The asset and liability sections are divided into short-term and long-term sections.
C) Shareholders' equity is made up of retained earnings and share capital.
D) The current assets are listed in order of liquidity.

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