Asset subsections of the classified balance sheet will show
- Current assets.
- Long-term investments.
- Fixed assets (or Property, Plant, and Equipment)
- Intangible assets.
This is further explained below.
What is a balance sheet?
Generally, the balance sheet is simply defined as a record of the financial standing of a company or as of a certain date, including a breakdown of its assets, liabilities, and capital as well as a summary of its revenue and expenses during the prior accounting period.
In conclusion, Current assets, Long-term investments are some of the Asset subsections of the classified balance sheet
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