QUESTION 1 2.5 points Save Answer Assets which are expected to be realized in cash, sold or consumed generally within a year are reported on a classified balance sheet as: Property. Plant and Equipment. Current Liabilities Intangible Assets Current Assets QUESTION 2 2.5 points Save Answer When a business makes payment for equipment purchased earlier on credit (hint think of the journal entry) liabilities increase and owners' equity decreases. assets increase and liabilities increase assets decrease and liabilities decrease assets increase and owners' equity increases QUESTION 3 2.5 points Customer satisfaction would be found on Save Answer not on any financial statement the multi-step income statement the classified balance sheet. the statement of retained earnings Save Al Answers Save and Submit