We have that for the categories to designate the order in which they Factors be presented in a classified balance sheet is given as
- 2 Long-term investments
- 5 Current liabilities
- 7 Stockholders equity
- 4 Intangible assets
- 1 Current assets
- 6 Long-terns liabilities
- 3 Property, plant, and equipment
From the question we are told
Place a number, 1 through 7, in front of each of the following balance sheet categories to designate the order in which they are to be presented in a classified balance sheet.
Order of Classified balance sheet.
Generally the Expression for the Manner the are to be arranged is given as
- 2 Long-term investments
- 5 Current liabilities
- 7 Stockholders equity
- 4 Intangible assets
- 1 Current assets
- 6 Long-terns liabilities
- 3 Property, plant, and equipment
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