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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.
Does Nike use a classified balance sheet?
yes
Where do you place franchise in a classified balance sheet?
intangible asset
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
Where do you place vehicles in classified balance sheet?
Assest side of balance sheet
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.
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.
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.
Does Nike use a classified balance sheet?
yes
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.
Where do you place franchise in a classified balance sheet?
intangible asset
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
Does Retained Earnings restricted for building expansion go on a Classified Balance Sheet?
Yes retained earnings that are restricted for building expansion are placed on the classified balance sheet. Retained earnings are not considered assets.
Are savings accounts are usually classified as cash on the balance sheet?
True
Where do you place patent in a classified balance sheet?
Answer:Under 'Intangible assets'.
