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(AACSB) Analysis Identify the categories used on a classified balance sheet to report assets and liabilities. How do you determine what goes into each category?

(AACSB) Analysis Identify the categories used on a classified balance sheet to report assets and liabilities. How do you determine what goes into each category? Why would a banker considering a loan to your company want to know whether an asset or liability is current or long-term?

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