Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 2 - A Further Look at Financial Statements - Self-Test Questions: 1

Answer

The answer is letter "D"

Work Step by Step

The reason is that, in a classified sheet, assets are usually classified as Current assets; long-term investments; property plant, and equipment; and intangible assets. In other words, something that the company expects to convert to cash or use up to one year or its operating cycle.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.