The asset section of a classified balance sheet includes
A)Current assets, long-term investments, property, plant and equipment, and intangible assets.
B)Current assets, liabilities, property, plant and equipment, and intangible assets.
C)Current assets, long-term investments, property, plant and equipment, and withdrawals.
D)Current assets, non-current assets, equity, and intangible assets.
E)Current liabilities, long-term investments, property, plant and equipment, and intangible assets.

Question

Quizplus · Accepted Answer

The asset section of a classified balance sheet includes current assets, long-term investments, property, plant and equipment, and intangible assets. The other options either include incorrect items (such as liabilities or withdrawals) or do not list all the correct items.

The Asset Section of a Classified Balance Sheet Includes