Question 25 (Mandatory) (2.5 points) Dividends are reported on the income statement. retained earnings statement. balance sheet. income statement and balance sheet. Question 26 (Mandatory) (2.5 points) In a classified balance sheet, assets are usually classified as current assets; long-term assets; property, plant, and equipment; and intangible assets. current assets; long-term investments; property, plant, and equipment; and common stocks. Ocurrent assets; long-term investments; tangible assets; and intangible assets. current assets; long-term investments; property, plant, and equipment; and intangible assets. Question 27 (Mandatory) (2.5 points) An intangible asset derives its value from the rights and privileges it provides the owner. is worthless because it has no physical substance. is converted into a tangible asset during the operating cycle. cannot be classified on the balance sheet because it lacks physical substance. Question 28 (Mandatory) (2.5 points) Liabilities are generally classified on a balance sheet as small liabilities and large liabilities. present liabilities and future liabilities. tangible liabilities and intangible liabilities. I current liabilities and long-term liabilities