The Groupings on a Classified Statement of Financial Position

Multiple Choice

The groupings on a classified statement of financial position,

A) help readers of the financial statements determine whether the company has enough liabilities or debts to pay for its assets.
B) help readers of the financial statements determine the claims of short-term and long-term creditors on the company`s total assets.
C) help readers of the financial statements determine the claims of long-term creditors only on the company`s total assets.
D) are for format purposes only.