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The assets section of a classified balance sheet usually includes the subgroups: Multiple Choice Current
assets, liabilities, plant assets, and intangible assets.
Current assets, long-term investments, plant assets, and equity.
Current assets, long-term investments, plant assets, and intangible assets.
Current liabilities, long-term investments, plant assets, and intangible assets.
Current assets, long-term assets, revenues, and intangible assets

Respuesta :

Answer:

The correct answer is letter "B": Current assets, long-term investments, plant assets, and intangible assets.

Explanation:

A classified balance sheet is a detailed report including specific information about the company's assets, liabilities, and shareholder's equity. This balance sheet itemizes details regarding current assets, long-term investments, fixed assets, intangible assets, current liabilities, long-term liabilities, and shareholder's equity.  

Classified balance sheets do not have a set of classified accounts that must be used, thus, the information included relies on the manager's needs based on current and long-term transaction data.

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