Which of the following will be affected by a reclassification of assets from current to non-current?
A) total assets
B) current ratio
C) income summary
D) accounts payable turnover

Question

Quizplus · Accepted Answer

Reclassifying assets from current to non-current does not change the total amount of assets but affects the current ratio by changing the proportion of current assets to current liabilities, potentially lowering the ratio if current assets decrease.

Which of the Following Will Be Affected by a Reclassification