A classified balance sheet: a Reports the effect of profit and dividends on retained earnings. b Organizes
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Question:
A classified balance sheet:
a Reports the effect of profit and dividends on retained earnings.
b Organizes assets and liabilities into important subgroups.
c Reports operating, investing, and financing activities.
d Presents revenues, expenses, and net income.
e Measures a company's ability to pay its bills on time.
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