Liabilities are generally classified on a balance sheet as

A) small liabilities and large liabilities.
B) present liabilities and future liabilities.
C) tangible liabilities and intangible liabilities.
D) current liabilities and long-term liabilities.

Question

Tsjaniqua Jeffrey · Accepted Answer

Final Answer : D, Explanation :  Liabilities are generally classified on a balance sheet as current liabilities, which are expected to be settled within one year, and long-term liabilities, which are expected to be settled in a period longer than one year. This classification helps to show the company's ability to meet its short-term and long-term obligations.

Liabilities are generally classified on a balance sheet as

A) small liabilities and large liabilities.
B) present liabilities and future liabilities.
C) tangible liabilities and intangible liabilities.
D) current liabilities and long-term liabilities.

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Learning Objectives

Related questions

Liabilities are generally classified on a balance sheet asA) small liabilities and large liabilities.B) present liabilities and future liabilities.C) tangible liabilities and intangible liabilities.D) current liabilities and long-term liabilities.

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Learning Objectives

Learning Objectives

Related questions

Liabilities are generally classified on a balance sheet as

A) small liabilities and large liabilities.
B) present liabilities and future liabilities.
C) tangible liabilities and intangible liabilities.
D) current liabilities and long-term liabilities.