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What does the assets section of a classified balance sheet usually include?
Wiki User
∙ 13y ago
Classified balance sheets generally subdivide its major categories into short-term and long-term parts. In a classified balance sheet, the assets section usually includes:
- Current Assets (or Short-Term Assets)
- Fixed Assets (or Long-Term Assets)
Sometimes, additional sections may be included:
- Intangible Assets (may be included under current/fixed depending on the nature of the intangibles)
- "Other" Assets (any other assets that do not fall under the above, such as contingent assets)
Wiki User
∙ 13y ago
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