In a classified balance sheet, assets are usually classified using the following categories: a. current assets; long-term

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In a classified balance sheet, assets are usually classified using the following categories:

a. current assets; long-term assets: property, plant, and equipment: and intangible assets.

b. current assets; long-term investments: property, plant, and equipment; and other assets.

c. current assets; long-term investments: property, plant.

and equipment; and intangible assets.

d. current assets; long-term investments: tangible assets;

and intangible assets.

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Financial Accounting Text Only

ISBN: 9780006575405

5th Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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