Which of the Following Will Be Affected by a Reclassification

question 132

Multiple Choice

Which of the following will be affected by a reclassification of liabilities from current to non-current?

• A) total assets
• B) total liabilities
• C) working capital
• D) inventory turnover

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Definitions:

Religion

A set of beliefs concerning the cause, nature, and purpose of the universe, especially when considered as the creation of a superhuman agency or agencies, often involving devotional and ritual observances.

High Debts

A financial situation where an individual or entity owes a large amount of money to creditors.

Yamasee

A Native American tribe in the southeastern United States, known for the Yamasee War against English colonization.

Creek

Refers to a Native American people originally from the southeastern United States, also known as the Muscogee, or to a small flowing natural freshwater stream.