1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Josh has a master’s degree in business administration and supply chain management. What company might be in interested in hiring
sweet [91]

Answer:

A

Explanation:

he would be better suited for the position going off his degree

4 0
3 years ago
Read 2 more answers
Michael mixed three colors of paint and came up with black. this is an example of
rosijanka [135]

<span>Michael mixed three colors of paint and came up with black. this is an example of subtractive color mixing. When you mix together subtractive colors eventually the light is subtracted from them giving off a black color tone. These colors change with the light but can cancel each other out easily. </span>

5 0
3 years ago
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts receivable $14,000
11111nata11111 [884]

Answer:

$88,450 should be included in the current assets section of Janson’s December 31, 2021, balance sheet

Explanation:

Current Assets: The current assets are those assets which are converted into cash within one year.

Examples - Accounts receivable, inventory, prepaid insurance, cash, etc.

The computation of the total current assets is shown below:

= Accounts receivable + Inventory + Prepaid insurance + Short term investment

= $14,000 + $40,000 + $3,650 + $30,800

= $88,450

The amount of prepaid insurance which is given in the question is for two years. We have to compute for one year so we divide the total amount by number of years

= $7,300 ÷ 2 years

= $3,650

6 0
4 years ago
Andrew found a stone in his yard and took it to Brad, a jeweler, for evaluation. Although Brad knew what the stone was, he told
Lerok [7]

Answer: c. can be voided based upon fraud in the inducement .

Explanation:

Brad knew exactly what kind of stone it was that Andrew had and yet proceeded to lie about it in order to induce a sale at a much lower price than the actual worth of the jewel .

The contract is therefore voidable because the Brad committed fraud by lying and obtaining the diamond at $50 under false pretenses. Andrew should therefore drag him to the Courts of law to face justice.

6 0
3 years ago
An increase in the price of one good will have what effect on its complement?a. no effectb. increase in demandc. decrease in dem
Juliette [100K]

Answer: The correct answer is <u>"c. decrease in demand".</u>

Explanation: Complementary goods are all those products that depend on each other. That is, they are so closely linked that the behavior of one inevitably affects the behavior of the other.

The classic example of complementary goods is that of cars and gasoline. The sale of the former may be affected by an increase in the price of the latter; and, at the same time, the consumption of the second depends on the sale of the first.

7 0
4 years ago
Read 2 more answers
Other questions:
  • The value proposition does not serve to:
    8·1 answer
  • What is the par or stated value per share of apple's common stock? what percentage of apple's authorized common stock was issued
    9·1 answer
  • Heartsong LLC is a designer and manufacturer of replacement heart valves based in Peoria, Illinois. While it is a relatively sma
    5·1 answer
  • LO 1.3 Jason and Mary are married taxpayers in 2018. They are both under age 65 and in good health. For 2018 they have a total o
    12·1 answer
  • Donna and Matthew share an office. Donna was balancing her checkbook when she was called
    6·2 answers
  • What does the regulation discussed in this section protect?
    9·1 answer
  • In your own words, define “ study habits.”
    15·2 answers
  • how is structure related to organizations need for efficiency versus its need for learning and innovation ? how can managers tel
    10·1 answer
  • If a firm's marginal revenue is below its marginal cost, an increase in production will usually: a. increase profits. b. leave p
    15·1 answer
  • Complete the sentence with all of the accurate statements regarding the relationship between conscientiousness and job performan
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!