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    whit3puppy's Avatar
    whit3puppy Posts: 1, Reputation: 1
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    Jul 26, 2006, 10:24 PM
    Classified Balance Sheet problem to solve..
    I need help on this..

    a) How is a classified balance sheet displayed in terms of assets? Provide some examples. How are liabilities being displayed? Provide some examples.


    b) What kind of information can be derived from this statement? What can it tell an investor or creditor about a company's financial performance and status?
    mh34's Avatar
    mh34 Posts: 20, Reputation: 1
    New Member

    Aug 2, 2006, 05:47 PM
    a. If you look in your textbook I am sure you will find an classified balance sheet to look at and answer this question. Here is a clue. Assets and Liabilities are listed as current first, and then longterm second.

    b. This answer is in your textbook. Please open it and read it.

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