Which one of the following items is a classification on the Classified Balance Sheet?
A)operating accounts
B)stockholders' equity
C)revenues and expenses
D)net income and dividends

Question

Quizplus · Accepted Answer

Stockholders' equity is a classification on the Classified Balance Sheet, as it includes common stock, retained earnings, and other equity accounts. Operating accounts, revenues and expenses, and net income and dividends are all subcategories within different classifications on the balance sheet.

Which One of the Following Items Is a Classification on the Classified