In a Classified Statement of fiNancial Position Which of the Following

Multiple Choice

In a classified statement of financial position which of the following is NOT true

A) The asset and liability sections are divided into short-term and long-term sections.
B) The long-term assets and liabilities are presented before the short- term assets and liabilities.
C) Shareholders' equity is made up of retained earnings and share capital.
D) The current assets are listed in order of liquidity.