The Four Major Classifications of Assets in a Classified Balance

question 87

Short Answer

The four major classifications of assets in a classified balance sheet are: ________________ ________________ ________________ and ________________.

---

Definitions:

Berry

A type of simple fruit with seeds and pulp produced from the ovary of a single flower; the skin is often edible.

Imbibition

The absorption of water by a seed prior to germination.

Apical Dominance

The inhibition of axillary (lateral) buds by a shoot tip.

Determinate Growth

A growth pattern in plants and some animals in which growth stops after reaching a certain size or age.