A classified balance sheet differs from an unclassified balance sheet in that:
A. A classified balance sheet is not usually provided to outside parties.
B. A classified balance sheet presents information in a manner that makes it easier to calculate a company's current ratio.
C. A classified balance sheet will include more accounts than an unclassified balance sheet for the same company on the same date.
D. An unclassified balance sheet is never used by large companies.
E. A classified balance sheet groups items into the broad categories of asset, liability, and equity.
Answer: B
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