Question: 4. Distinguishing between current and non-current items on the balance sheet and presenting a subtotal for current assets and liabilities is referred to as: A.

4. Distinguishing between current and non-current items on the balance sheet and presenting a subtotal for current assets and liabilities is referred to as:

A. a classified balance sheet.

B. an unclassified balance sheet.

C. a liquidity-based balance sheet.

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