A balance sheet that places the assets above the liabilities and equity is called a(n):
A) Classified balance sheet.
B) Account form balance sheet.
C) Unclassified balance sheet.
D) Report form balance sheet.
E) Unadjusted balance sheet.

Question

Quizplus · Accepted Answer

A report form balance sheet lists assets above liabilities and equity, presenting them in a vertical format.

A Balance Sheet That Places the Assets Above the Liabilities