The classification of assets and liabilities as current or long-term depends on a. Their order of listing
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The classification of assets and liabilities as current or long-term depends on
a. Their order of listing in the ledger
b. Whether they appear on the balance sheet or the income statement
c. The relative liquidity of the item
d. The format of the balance sheet--account format or report format
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Related Book For
Horngrens Accounting Volume 1
ISBN: 9780135359709
11th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood
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