If a company presents its balance sheet in a format that includes subtotals for current assets, current liabilities, noncurrent assets, and noncurrent liabilities, it is most likely presented:（）
A: in an account format.
B: as a classified balance sheet.
C: as a functional balance sheet.
A: in an account format.
B: as a classified balance sheet.
C: as a functional balance sheet.
举一反三
- The classification of assets and liabilities as current or long-term depends on （ ）. A: The relative liquidity of the item B: Whether they appear on the balance sheet or the income statement C: Their order of listing in the ledger D: The format of the balance sheet
- Current assets are listed on the balance sheet in order of liquidity.
- There are three Elements in balance sheet, namely assets, liabilities and owner’s equity.
- Two common subgroups for liabilities on a classified balance sheet are: ____ A: current liabilities and intangible liabilities. B: present liabilities and operating liabilities. C: general liabilities and specific liabilities. D: current liabilities and non-current liabilities.
- On the balance sheet, liabilities are generally classified as A: current or long-term. B: legal or nonlegal. C: material or immaterial D: probable or estimated