0
Add your answer:
Earn +20 pts
What is classified as an intangible asset on the balance sheet?
goodwill
Where do you place vehicles in classified balance sheet?
Assest side of balance sheet
Where do you place franchise in a classified balance sheet?
intangible asset
Where do you place mortgage payable in a classified balance sheet?
In the liabilities section
What is classified balance sheet?
Classified balance sheet shows items in classification like current assets, non-current assets etc.
How does a classified balance sheet differ from a unclassified balance sheet?
A classified balance sheet is a balance sheet in which assets and liabilities are subdivided into current and long-term categories. soooo if that's a classified balance sheet an unclassified would have to be one that has its assets and liabilities and everything but they are not grouped further within themselves. Meaning that there is no order within assets as to which they are listed I suppose. **Note: I copied & pasted this answer from another website.
Does Nike use a classified balance sheet?
yes
Inventory on a classified balance sheet?
Inventory is par to current asset at asset side in classified balance sheet as inventory is used within one fiscal year.
Classified balance sheet?
Classified balance sheet is that one in which different sections like current assets, fixed assets, other assets, liabilities and capital is shown.
What should rent be classified as on a balance sheet?
Rent is not a balance sheet account, it is an expense, hence an income statement account.
Merchandise inventory is classified on the balance sheet as a?
Current Asset
How is merchandise inventory classified on the balance sheet?
As a current asset
