Which of the following would not likely appear on a classified balance sheet?
A)Current assets
B)Current retained earnings
C)Long-term liabilities
D)Long-term assets

Question

Quizplus · Accepted Answer

Current retained earnings would not likely appear on a classified balance sheet as retained earnings are part of the shareholders' equity section of the balance sheet and are reported separately from current assets and liabilities.

Which of the Following Would Not Likely Appear on a Classified