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All of the following statements, except one, are false. Indicate the one that is true on a classified balance sheet Select one: a. automobiles are

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All of the following statements, except one, are false. Indicate the one that is true on a classified balance sheet Select one: a. automobiles are not included in the Fixed Assets section because their value decreases over time. b. a mortgage payable is deducted for the asset, Building. c. Supplies are not included in long-term liabilities. d. a bank loan is always included in long term liabilities. e. the values shown for the fixed assets are their true market value. All of the following statements, except one, are false. Indicate the one that is true on a classified balance sheet Select one: a. automobiles are not included in the Fixed Assets section because their value decreases over time. b. a mortgage payable is deducted for the asset, Building. c. Supplies are not included in long-term liabilities. d. a bank loan is always included in long term liabilities. e. the values shown for the fixed assets are their true market value

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