A classified balance sheet includes all of the following EXCEPT
A) current assets.
B) plant and equipment.
C) revenues.
D) current liabilities.

Name: A classified balance sheet includes all of the following EXCEPT A) current assets. B) plant and equipment. C) revenues. D) current liabilities.
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Question

Quizplus · Accepted Answer

A classified balance sheet includes current assets and current liabilities, as well as long-term assets and liabilities, but does not include revenues. Revenues are reported on the income statement.

A Classified Balance Sheet Includes All of the Following EXCEPT