Blog Classified Balance Sheet: Definition, Components & Examples 14/01/2021 às 14:25

It is the format of reporting a company’s or business’s assets and liabilities. In a classified balance sheet, the assets, liabilities, and shareholder’s equity is segregated or categorized into sub-classes. Each classification is organized in a format that can be easily understood by a reader. The long-term section lists the obligations that are not due in the next 12 months. Keep in mind a portion of these long-term notes will be due in the next 12 months. Continuing with Bob…