On a statement of financial affairs, how are liabilities classified?
A. Current and noncurrent.
B. Secured and unsecured.
C. Monetary and nonmonetary.
D. Historic and futuristic.
Ans: B. Secured and unsecured.
Business
A. Current and noncurrent.
B. Secured and unsecured.
C. Monetary and nonmonetary.
D. Historic and futuristic.
Ans: B. Secured and unsecured.