In a classified balance sheet, assets are usually classified as
A)current assets; long-term assets; property, plant, and equipment; and intangible assets.
B)current assets; long-term investments; property, plant, and equipment; and common stocks.
C)current assets; long-term investments; tangible assets; and intangible assets.
D)current assets; long-term investments; property, plant, and equipment; and intangible assets.

Question

Quizplus · Accepted Answer

In a classified balance sheet, assets are typically categorized into current assets, long-term investments, property, plant, and equipment, and intangible assets.

In a Classified Balance Sheet, Assets Are Usually Classified as