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Asa Oconnell
Business
8 November, 03:12
What is a Classified statement
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Courtney
8 November, 03:32
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Answer: A classified balance sheet separates the assets and liabilities of your company into current and long-term classes. The classification process provides additional details about the net worth and liquidity of your business. Your liquidity position is enhanced when the value of assets that are easy to liquidate exceeds the amount of liabilities your business owes.
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