On the balance sheet, liabilities are generally classified as a. current or long term b. legal or nonlegal c. material or immaterial d. probable or estimated
On the balance sheet, liabilities are generally classified as a. current or long term b. legal or nonlegal c. material or immaterial d. probable or estimated
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 4DQ
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5. On the balance sheet, liabilities are generally classified as
a. current or long term
b. legal or nonlegal
c. material or immaterial
d. probable or estimated
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