Classified Balance Sheet

How many categories of Liabilities are on a classified balance sheet?

• 8

• 4

• 3

• 2

How many categories of assets are on a classified balance sheet?

• 8

• 4

• 3

• 2

How is Accounts Receivable classified on a Balance Sheet?

• PPE

• Intangible

• Current Asset

• Current Liability

How is a Vehicle classified on a Balance Sheet?

• PPE

• Non-Current Asset

• Current Asset

• Investment

How is the Current Portion of Notes Payable classified on an Income Statement?

• Current Liability

• Current Asset

• Long-Term Liability

• Intangible

How are copyrights classified on the balance sheet?

• Intangibles

• Investments

• Property, Plant and Equipment

• Current Assets

How is Inventory classified on a Balance Sheet?

• Current Asset

• Investment

• Property, Plant and Equipment

• Intangible

How is a Accumulated Depreciation - Vehicle classified on a Balance Sheet?

• PPE

• Non-Current Asset

• Current Asset

• Non-Current Liability

How is a Loan Payable Due in 5 Years classified on a Balance Sheet?

• Current Liability

• Non-Current Asset

• Current Asset

• Long-Term Liability

How are shares of stock (to be held beyond one year) classified on a Balance Sheet?

• PPE

• Investment

• Current Assets

• Intangible