Solution-In a classified balance sheet assets are usually

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In a classified balance sheet, assets are usually classified as:

(a) current assets; long-term assets; property, plant, and equipment; and intangible assets.

(b) current assets; long-term investments; property, plant, and equipment; and common stock.

(d) current assets; long-term investments; property, plant, and equipment; and intangible assets.

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