The correct order of presentation in a classified balance sheet

Asked by admin @ 08/11/2021 in Business viewed by 289 People

The assets section of a classified balance sheet usually includes the subgroups: Multiple Choice Current

assets, liabilities, plant assets, and intangible assets.
Current assets, long-term investments, plant assets, and equity.
Current assets, long-term investments, plant assets, and intangible assets.
Current liabilities, long-term investments, plant assets, and intangible assets.
Current assets, long-term assets, revenues, and intangible assets

Answered by admin @ 08/11/2021

Answer:

The correct answer is letter "B": Current assets, long-term investments, plant assets, and intangible assets.

Explanation:

A classified balance sheet is a detailed report including specific information about the company's assets, liabilities, and shareholder's equity. This balance sheet itemizes details regarding current assets, long-term investments, fixed assets, intangible assets, current liabilities, long-term liabilities, and shareholder's equity.

Classified balance sheets do not have a set of classified accounts that must be used, thus, the information included relies on the manager's needs based on current and long-term transaction data.

Able, baker, and charles are engaged in the marketing to and enrollment of beneficiaries into medicare health plans. mr. able is an independent agent paid directly by a health plan. ms. baker is an independent agent paid through a field marketing organization (fmo). mr. charles is an independent agent paid for his work by a third-party marketing organization (tmo). how do the cms compensation rules apply to these three agents?

Asked by maham237 @ 13/01/2021 in Business viewed by 2742 persons

The correct order of presentation in a classified balance sheet

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