The assets section of a classified balance sheet usually includes:
A) Current assets, long-term investments, property, plant and equipment, and intangible assets.
B) Current assets, long-term assets, revenues, and intangible assets.
C) Current assets, long-term investments, property, plant and equipment, and equity.
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 assets section of a classified balance sheet usually includes current assets, long-term investments, property, plant and equipment, and intangible assets. These are categorized under different headings to provide clear information about the different types of assets owned by the company.

The Assets Section of a Classified Balance Sheet Usually Includes