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Slide30 - Classified Balance Sheet Current liabilities are...

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Unformatted text preview: Classified Balance Sheet - Current liabilities are those that come due within the next year (or within the operating cycle if longer) - Current liabilities are listed in the order in which they will decrease cash during the coming year - Working capital is the excess of current assets over current liabilities - The following slide shows the classified balance sheet for Chan Audio Company: ...
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