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shaeboo
Mar 9, 2008, 04:09 PM
I have to prepare a classified balance sheet, I already know what is included. Now what I wanted to know is: Do I need to separate assests and liabilities prior to preparing the sheet?
pready
Oct 23, 2008, 02:38 PM
Assets are seperated into three sections: Current, Plant Property & Equipment, Intangible Assets

Liabilities and Owner's Equity are divided into 3 sections:
Current and Long-term Liabilities, Owner's Equity.