Two Common Subgroups for Liabilities on a Classified Balance Sheet

question 93

Multiple Choice

Two common subgroups for liabilities on a classified balance sheet are:

• A)Current liabilities and intangible liabilities.
• B)Present liabilities and operating liabilities.
• C)General liabilities and specific liabilities.
• D)Intangible liabilities and long-term liabilities.
• E)Current liabilities and long-term liabilities.

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Definitions:

Behavior Modification

An effective way to improve human performance, established in the 1950s and used in a wide variety of business, government, and nonprofit organizations. Elements include goal setting, feedback on performance, and positive reinforcement.

Discipline

The practice of training oneself to obey rules or a code of behavior, using punishment to correct disobedience.

Discipline Problems

Issues related to maintaining order and adherence to rules within an organization, often requiring corrective action.

Leadership Performance

The effectiveness and outcomes of a leader's actions in guiding and managing an organization or team towards achieving its goals.