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Sonbull [250]
3 years ago
8

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

Business
1 answer:
Readme [11.4K]3 years ago
5 0

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.

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Shear-it, Inc., produces paper shredders. Shear-it is considering a new shredder design for home offices. The marketing vice pre
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$49

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Suppose Torche Corporation has the following revenue and expenses for 2019:
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Answer:

The value of net income is $3,008,000

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8 0
3 years ago
Match each item with the appropriate description.
DanielleElmas [232]

Answer:

Matching items with the appropriate descriptions:

A. Includes both financial and non-financial information for all areas of the business.

ERP

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General Ledger System

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D. Includes the accounting part of the integrated information system.

General Ledger System

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Managerial Accounting

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