Balance Sheet - which of the following is incorrect?

A.A classified balance sheet highlights current assets, long-term assets, current liabilities, long-term liabilities and owners' equity.

B.A classified balance sheet highlights the differences between operating and nonoperating categories of assets and liabilities.

C.The balance sheet represents the accounting equation of assets = liabilities + owners' equity.

D.We can discuss the balance sheet items in terms of whether they are operating or nonoperating.