Assets and Liabilities on the Balance Sheet Are Classified as

question 63

Multiple Choice

Assets and liabilities on the balance sheet are classified as

• A) personal and business.
• B) short-term and long-term.
• C) fundamental and discretionary.
• D) secure and insecure.

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Definitions:

Femoral

Pertaining to the femur or thigh, the longest and strongest bone in the human body.

Cervical Plexus

A network of nerves in the neck that supplies movement and sensation to the neck, shoulders, and upper chest.

Brachial Plexus

A network of nerves that originates in the neck region and supplies nerve energy to the shoulders, arm, forearm, hand, and fingers.

Phrenic

Pertaining to the phrenic nerve, which controls the diaphragm and plays an essential role in breathing.