Under ASPE, current liabilities are the first category reported in the liability section of the balance sheet.

Name: Under ASPE, current liabilities are the first category reported in the liability section of the balance sheet.
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Under ASPE (Accounting Standards for Private Enterprises), current liabilities are typically listed first in the liabilities section of the balance sheet, followed by long-term liabilities.

Under ASPE, Current Liabilities Are the First Category Reported in the Liability