In a Classified Statement of fiNancial Position Which of the Following

question 139

Multiple Choice

In a classified statement of financial position which of the following is NOT true

• A) The asset and liability sections are divided into short-term and long-term sections.
• B) The long-term assets and liabilities are presented before the short- term assets and liabilities.
• C) Shareholders' equity is made up of retained earnings and share capital.
• D) The current assets are listed in order of liquidity.

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Definitions:

Supervisors

Individuals within an organization responsible for overseeing the work of others and ensuring tasks are completed effectively.

Line Organization

Organizational structure that establishes a direct flow of authority from the chief executive to subordinates.

Matrix Organizational Structure

An organizational structure that combines two or more types of organizational structures, typically functional and product-based divisions.

Hi-Tech

Referring to the latest technology and equipment that are both advanced and sophisticated.