Two Common Subgroups for Liabilities on a Classified Balance Sheet

question 152

Multiple Choice

Two common subgroups for liabilities on a classified balance sheet are:

• A) current liabilities and intangible liabilities.
• B) present liabilities and operating liabilities.
• C) general liabilities and specific liabilities.
• D) intangible liabilities and long-term liabilities.
• E) current liabilities and long-term liabilities.