Examlex
How is a classified balance sheet different from an unclassified balance sheet? List the order of the usual classifications on a classified balance sheet.
Capital Expenditures
Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment.
Cash Dividends
Payments made by a corporation to its shareholder members as a distribution of profits.
Operating Expenses
Costs associated with a company's day-to-day operational activities, excluding direct labor, direct materials, and direct expenses.
Prepaid Expenses
Payments made in advance for goods or services to be received in the future.
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