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Multiple Choice
  
1.b
2.c
3.a
4.b
5.d
6.a
7.c   Their importance in paying current liabilities is the main reason current assets are shown first as a      separate classification.
8.b
9.d
10a
Learning Goal 15
SOLUTIONS
   
Learning Goal 15: Prepare a Classified Balance Sheet
S1
 
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Worthy & James Publishing is a provider of basic accounting books covering fundamental accounting principles, business accounting, and business math. Topics in financial accounting and business accounting covered include the balance sheet, the income statement, financial ratios, and bank reconciliation.

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