In a classified balance sheet,assets are subdivided into current assets,plant and equipment and other assets,while all liabilities are classified as current.

Name: In a classified balance sheet,assets are subdivided into current assets,plant and equipment and other assets,while all liabilities are classified as current.
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In a classified balance sheet, liabilities are also divided into current liabilities and long-term liabilities, not just current liabilities.

In a Classified Balance Sheet,assets Are Subdivided into Current Assets,plant