Question: The main difference between a classified and a non - classified Balance Sheet is: a . The classified Balance Sheet separates the assets and liabilities
The main difference between a classified and a nonclassified Balance Sheet is:
aThe classified Balance Sheet separates the assets and liabilities sections into current and noncurrent subsections
bA classified Balance Sheet can only be seen by a company's owners; whereas a nonclassified Balance Sheet is available to the public
cThe nonclassified Balance Sheet typically contains more detail than does a classified Balance Sheet
dThe heading at the top of the Balance Sheet that includes the company name and date will specify whether the Balance Sheet is classified or nonclassified
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