A Classified Balance Sheet Shows Subtotals for ________

question 145

Multiple Choice

A classified balance sheet shows subtotals for ________.

• A)revenues and expenses
• B)current assets,long-term assets,current liabilities,long-term liabilities and shareholders' equity
• C)operating activities,investing activities and financing activities
• D)retained earnings,net income,and dividends

---

Definitions:

Planning

The process of defining goals, establishing strategies to achieve those goals, and developing plans to integrate and coordinate activities.

Efficiency

The capacity to achieve a desired result with minimal waste of time, effort, or resources.

Human Relations Approach

A management theory focusing on the importance of social relationships, employee well-being, and motivation in the workplace.

Scientific Management

A management theory that emphasizes the use of scientific methods to optimize labor productivity and economic efficiency, originally developed by Frederick W. Taylor.