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What Is A Classified Balance Sheet? |
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Answer» A classified balance sheet is one that arranges the balance sheet accounts into a FORMAT that is useful for the readers. For EXAMPLE, most balance sheets use the following asset classifications:
Liabilities are usually classified as:
A classified balance sheet is one that arranges the balance sheet accounts into a format that is useful for the readers. For example, most balance sheets use the following asset classifications: Liabilities are usually classified as: |
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