A Classified Balance Sheet Differs from an Unclassified Balance Sheet

Multiple Choice

A classified balance sheet differs from an unclassified balance sheet in that

A) an unclassified balance sheet is never used by large companies.
B) a classified balance sheet normally includes only three subgroups.
C) a classified balance sheet presents information in a manner that makes it easier to calculate a company's current ratio.
D) a classified balance sheet will include more accounts than an unclassified balance sheet for the same company on the same date.
E) a classified balance sheet cannot be provided to outside parties.